« Market Close for Tuesday, January 29, 2008 - HOO - Cascal N.V. IPO Opens for Trading »

Yahoo! Gets The Hammer!

29 January 2008
Author: Harvey Posted under Investing, Notable Earnings

Well Yahoo! is getting hammered in after-hours trade (-10.28%) after reporting $0.15/share. To me that says value me at $15.00 or less. I managed to make a little bit off both Yahoo! and Google before I dumped them. They were both acting in a manner that said “sell me now” or regret ever buying in. So often you can tell how the company will report by the price action the day of or the day before an earnings report. And it supposedly is not on insider info being leaked! Yeah, right!

Anyway GOOG was also dropping in after-hours, probably because of Yahoo’s bad numbers. Because of Googles poor performance this year I also expect Google to not impress anyone with their earnings report either. Guess we’ll see Thursday after the close. -Harvey


Leave a reply

You must be logged in to post a comment.