Thanks for clueing me into the new words of wisdom from Jim Seymour. I know Cramer thinks highly of him but I have to question his objectivity.
He says
"Yahoo's been circling the wagons, with the aid of friendly analysts, today. But I think Henry Blodgett's comments are very revealing. As a YHOO supporter today, he pointed out that he's maintaining his Buy rating on YHOO, but also wenton to say that he expects YHOO to mark time for awhile before finishing a "solid"
year in the fourth quarter.
For traders that "mark time" line is a warning bell. Timing, timing."
I smell a short in lamb's clothing...
FYI for Seymour, Blodgett has made the same comments on YHOO repeatedly all year. This was not a catered response to Lehmen's rating. Why? Because, barring a market meltown, YHOO tends to benefit from a nice end of year rally given it's THE money quarter for the stock. It's also the period when investors get the biggest bang for their buck, November-January are historically the three strongest months of the year for the markets.
I have a friend who's two bit Inut business is about to go public. The market for Inuts is apparently coming back which means investors still want Internet stocks. Logic dictates YHOO, being the premier stock of this group, will do well once again in this type of environment. Personally, I hope Inut IPO stocks get hot again, I am still taking a beating in CMGI and ICGE :-)
Good luck to you John!
Mike |
