<<Think it'll beat AMZN's run to $400 in 14 trading days after the announcement?>>
Yes I do. If DLJ did upgrade it late today to $500 (and I see no reason why Cramer would lie about it), then YHOO could gap to open $390-$400 IMO.
I'll be honest, I sold 2/3 of my YHOO at $435 about 2 weeks ago, but bought back heavilly today under $345. The market likes this GCTY/YHOO combo. I feel the old high will be tested, if not taken out.
Netscape, Excite, and Geocities are now gone--their symbols will be retired like old jerseys--without hardly ever being worn. Who's next?
This market has unbelievable momentum. I have not seen this type of action in the Nasdaq EVER, and I have been investing since '92. If you owned 7 stocks--say MSFT, DELL, SUNW, AOL, YHOO, LU, and IBM over the past 6 months you have made obscene amounts of money. |
