SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: Earlie who wrote (33861)4/15/1999 3:22:00 PM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
Net stocks have declined for past 4 Q's after Yhoo reports earnings

The non-dairy creamer is not-popular here but is occassionally astute

Yahoo-hah!
By James J. Cramer

4/15/99 2:47 PM ET

This whole Net selloff started with Yahoo! (YHOO:Nasdaq), so I use Yahoo! to gauge when the selloff might conclude.
The Net is beginning to exhibit noticeable patterns, by the way, and one of them is that it declines after Yahoo! reports its quarter. Looks like that pattern, now good for four quarters, proved a winner.
Sometimes with selling it's a velocity issue. The velocity of the decline of Yahoo! has, well, declined (you know I hate putting that darn explanation point after Yahoo! because my spellcheck always capitalizes the next darned word!), which can be considered a positive. That's a prerequisite to a rally. I would love to be more bullish, but the bankers have created so many .coms now-including a bunch that Yahoo! is buying-that I can't be sure. Does act better, though.
And, amazingly, some things are still working. Stinktomi's (INKT:Nasdaq) CEO will be on CNBC's "Squawk" tomorrow, it was just announced, and the stock immediately jumped 4 points.
Thin gruel, my wife would say. But sometimes that's all you get to eat.