el, what do you mean "there is no water left" in YHOO, not only water, but still a lot of hot air as well. YHOO cap is still $66 Billions, and even if you assume that they will have revenues of a billion this year, and twice that mich nmext year, and if you assume that the economy goes into a "soft landing", the growth curve steepness will abate, and the current valuation will be considered buffonic come this time next year. I would not be surprised to see YHOO at $25/share by the time we get within the throw of a real bear market this time in 2001. Right now, even with the turnips forecast of a "monster rally" into the election, I do not see much more than $140 to $150, as a DCB, and even that is quite risky. Softbank was willing to sell a lot at $110, they'll sell much more at $140/$150, IMTO. The stock is in a definite down trend and guessing the bottom could be very dangerous.
Have a good weekend.
Zeev |
