Earnings was the same as what the street was expected but people expected some type of growth for the future of yahoo which they didn't see? They have extra money thats not being spent to improve anything There going below $19 for sure, ebay after hours was down to, thats not looking good for techs tommorow.
I agree, all stocks are tanking, and it started mostly when oil probs came up and the assassination....
As others have said..The stocks are in a bear market...all of them how many traders we got in these forums?
That is not true Most drug stocks, retail, railroads, have done well with this bear market Finance is now doing good. I own SIRI, NG, ORCL, AUY
I've got a decent amount in the market right now. But I've learned never to panic... Just let it ride out...
YHOO's yoy earnings was down 23% and they lowered their revenue projection for this year. The company is clearly struggling, so why are you surprised?
They don't have a growth future for there website. (even though you would think they would) They haven't spent any money on anything to improve
Yahoo sure will come out with something new. I think it is a good time to buy Yahoo! They haven't done anything extraordinary in the past year or so, but we should remember that After Goog, Yahoo is still the undisputed Number Two New age media company, and they own a LOT of content. They will have to reinvent themselves though, and they still have the resource... Now Facebook is another story.
I agree I think now would be a good time to buy Yahoo. Buy it and hold it. They will come out with something new or some updates on their current content. When they do, their stocks will rise again
The problem with Yahoo isn't that they soley need something new or some updates, its that they need to do something to actively shore up their % of users, right now google is pickpocketing them. Then they need to start actively competing with google, taking their users.
That must be old news, the emergency rate cut boosted it, and the rate cut tommorow is going to boost it. Thats what they said at 22 and 20 now below 19. Everyone is clueless as what to do