January Effect 2001 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2001

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To: Q. who wrote (187)	1/11/2001 8:27:51 PM
From: RockyBalboa	Read Replies (1) of 289

One more word to yahoo: Now after the announced debacle has taken place, the analysts come out and slash yahoos ratings to neutral and sell (reduce). Given that analysts are always behind the curve this should be somehow the perfect buying point. Except some advertisers and yahoo competitors the market didn't really react to that rating... biz.yahoo.com UBS Warburg slashed its rating to reduce from strong buy, and Prudential Securities cut Yahoo to hold from strong buy. ``We would therefore look to sell Yahoo! shares and look for evidence of a turnaround or a significant improvement in management's ability to articulate a new business plan before considering returning to the fold,'' UBS Warburg analyst Chris Dixon wrote in a report. US Bancorp Piper Jaffray reduced its rating to neutral from buy, while CIBC and Jefferies both downgraded to hold from buy. ABN Amro lowered to reduce from hold, and Deutsche Banc Alex Brown cut to market perform from buy. ``The company issued guidance for the first quarter and full year 2001 that was below even the most pessimistic of projects,'' said Jefferies in a report, cutting the 12-month price target to $15 from $45.

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