Vinman,
There is an article in todays WSJ California edition citing some analysts turn cautious on Yahoo! They see little reason for Excitement.
Mr David Readerman of nationsBanc Montgonmery Securities in san Francisco has a "hold" on Yahoo.
Andrea Williams of Volpe Brown Whelan in San Francisco rates the stock a "neutral"
Bear Sterns initiated coverage on Yahoo with a "neutral" ratings.
Investors have thrown out the traditional measurements, so buyer beware," warns analyst Readerman.
"It's trading at a valuation that is pretty scary. There just isn't room for stumbles or shortfalls," said Andrea Williams.
"The basic business model isn't proven yet," says technology investment adviser Michael Murphy, who is also a publisher of the Overpriced Stock Service, a newsletter based in Half Moon Bay. "You've got a barrage of people buying the stock simply because it's going up," Mr. Murphy adds. "It's a recipe for disaster."
Short sellers now own about a third of all available Yahoo shares, according to filings with the SEC. And that, analysts caution, can promote volatility in the price.
_____________________________________________________________________
As predictable as the sun rising from the east, Yahoo stock goes up 2 7/16 to 86 9/32 making a U-turn from the morning weakness reaching a low of 81 5/8.
Anybody cares to make a spin on today's action? BTW AMZN is even stronger, up 5 7/16 to 85 5/16!_
|
