Don't disagree with you, toynt: AMZN may well tank, and for just the reasons you suggest. But whatever flaws there are in AMZN's armor, YHOO has even more. I would love to see a bull post indicating that (a) ad revenues are soaring on YHOO or the other ad-revenue dependent portals, or (b) YHOO or one of the other portals have figured out another revenue source that will make them independent of ad revenues, or (c) YHOO will have no problem matching its 4Q 1998 revenues in any of the first three Qs of 1999.
I'm all for informed debate. Please, bulls: inform us.
If any one of these three points can be asserted, then perhaps YHOO has a chance of maintaining its current stock valuation during the first half of this year. If they can't, then... it will continue flying on euphoria until the EuphoriaMobile runs out of gas. Which will be sooner rather than later...
IMO, by the way, I think today's upswing was more profit-taking from shorts who had gotten in at over 400 and were happy to take their money home once YHOO started wiggling upwards, than from any kind of squeezes. Just my opinion, of course, worth what you pay for it... |
