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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (100819)	7/7/2004 3:43:02 PM
From: bcrafty	Respond to of 209892

OT: since we're talking FA stuff If YHOO "gets killed" I'll probably look to double my stake on that pullback. I'm not looking for any multi- quarter or intermediate term decline on that one. With Deutsche Bank, JPM Securities, and Pacific Growth among many others all expecting it to beat the consensus as well as YHOO's own guidance, and with YHOO having somewhat of a reputation of giving guidance a little on the conservative side anyway, I' don't look for any big decline with it. It's big stake in Google kind of makes next quarter's gains almost a no brainer, as far as I'm concerned. I wouldn't buy it today, but that's just me - I don't do earnings plays. Yes it would be a better buy at 30, but as shoreco's chart indicates, pullbacks have been relatively shallow. And as the squib below mentions "fundamentals should win out long term." NEW YORK (CBS.MW) -- Shares of Yahoo (YHOO) were slightly lower in pre-market action on Instinet, dipping 12 cents to $33.22 ahead of the company's quarterly report, which is due after the closing bell. The average estimate of 23 analysts polled by Thomson First Call is for a profit of 8 cents per share in the June period on revenue of $609.9 million. Deutsche Bank is out with a research note on the Internet search services provider, saying it expects the company to beat both its estimate and the consensus figure for the second quarter. The firm said it believes Yahoo will come through with healthy search volume gains and increased monetization of its Yahoo Search operations. On the conference call, Deutsche Bank expects management to focus on branded ad pricing and the continued migration of national advertiser budgets to its properties. The firm, which maintained its "buy" rating on the stock, added that "speculation may put weakness on the stock near-term, yet fundamentals should win out long-term."