>>broadest instituitions ownership; where one is going to put the msft, intc, GM, IBM, jnj, merck, csco etc. yhoo doesn't even come close to these
I'm comparing Yahoo to the other Internet stocks that Murphy recommends shorting...not Cisco, J&J, or IBM.
>>yesterday was strong for some mkts segments and dow as a whole was not bad but totally the opposite for yhoo; this simple fact just proved that the assumption was incorrect
Once again I'm comparing Yahoo to the group. Yesterday Lycos was down 12%, Infoseek was down 17%, Excite was down 17%, and Yahoo was down 5%.
If you have the charting facility to do it, take a look at Yahoo relative to Excite, Lycos, and Infoseek.
Yahoo has been steadily making new highs relative to the S&P 500, Nasdaq, the technology indices, and recently even AOL. However, Yahoo made a four-month low relative to Infoseek on Thursday, is midway in its range relative to Lycos and has not made a new high relative to Lycos since last July, and Yahoo is at the bottom of its historical range relative to Excite. This tells me that Yahoo is technically the least-extended of the group in spite of the fact that it's turning out the strongest results. |
