It isn't your laslo - it is the crazy profit takers. Wait till next Tuesday - when YHOO earnings are out on Monday after closing. If the earnings beat the whisper number of 22 cents, then YHOO will scream. At the low $400+, YHOO is a real bargain, considering the $ 600 target put out by Schroeder and Argus early this week.
It is the same repeat of early 1999, when YHOO cleared $ 200 early Jan. 1999 - Dain put out a $ 520 target for the pre- split YHOO. Then YHOO split and closed over $ 400 (for the one year target) - which is actually $ 800 in terms of the pre split.
Now it is early 2000, YHOO is over 400+, and is going to split, and the pre split price of $ 400+, is projected by Schroeder/Argus to go over 600+ by Jan. 2001 - I see no problem with it whatsoever! Not only is YHOO a good blue chip internet, it is an aggressive profit producing company, with accelerating revenues. Internationally also it is no.1 and expanding and guess what(?)- institutions still don't own that much YHOO yet (less than 50%)- so it has lot of room for appreciation - it is the only internet stock that even Valueline has as (1,4) - quite timely for appreciation.
Between PMTC and YHOO, I think the probability of PMTC doubling is lot higher (with a boost from windchill!) than YHOO doubling at this juncture, in a year - but YHOO is capable of proving me wrong - so we better wait till the Spring of 2001! |
