Your right, after the close cnbc announced that Yhoo was up 4 1/2 points in after hr trading.
Now, I don't have a position in Yhoo one way or the other (i am betting Amzn down, but thats a different discussion).
Who in the hell would buy a $105 stock that made .08c, .05 diluted?
Only yours and my Grandma, that a 25 yr old stock broker told this is an internet play, so you can't lose, and on top of that, the advertising revenue, Yhoo will receive justifies this stock going even higher!!
Give me a break, sooner or later, Wall Street will realise that Yhoo was just another Netscape.
To quote the ceo of Borders tonight (No2 to Barnes & Noble), 'I just can't understand how B&N could pay Aol, $40mil to advertise, there's just not enough profit in the book business to justify those #'s.
Amzn, like Yhoo and even Aol (the co, you can't leave, even if you want to) are a feeding frenzy. So enjoy your increased wealth but when reality comes home (when that is I don't have a clue) get the hell out of the way, because there will be a decline like no one would believe. |
