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Its The Stock Market, Stupid


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german e-woofer Onischka had NDX target at 1308, then starting downmove to 950 and maybe belwo, todays high was 1307.

 

ok, we sell off after hours, now we will see if we get the 3 am ramp job, just right to the european open. Possible, but not sure. Everyone and his brother had DAX 3440 as target, till now high was 3362, so if they sell it off tomorrow, most would be fornicateed and since market tries to take money from the most people...........

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OOPS, Looks like YHOO just hit a bump.

 

All day on Crapvision we heard that Chambers @ CSCO said " we expect IT spending to increase in 2-4 months."

 

Yahoo finance put out a link that Chambers was misquoted, he actually said "IT spending would resume 2-4 months AFTER companies believed their business was getting better." He has NOT changed his outlook.

 

Crapvision never recanted, what a bunch of crooks.

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german e-woofer Onischka had NDX target at 1308, then starting downmove to 950 and maybe belwo, todays high was 1307.

That was an amazing call. He called this entire rally from October including turns.

Too bad I didn't pay much attention.

 

BTW, it was Yahoo's earnings that ignited this bull in October.

Let's see if reverse can happen

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of course the spin zone will commence any minute ( con call, where only pre selected questions and shills are allowed)

Yahoo Posts Higher Net, Raises Guidance

Wed July 9, 2003 04:46 PM ET

LOS ANGELES (Reuters) - Internet media company Yahoo Inc. YHOO.O posted a higher quarterly profit on Wednesday, boosted by growing strength in online advertising and its fee-based services, and it raised its guidance for the year.

Yahoo reported a net profit of $50.8 million, or 8 cents per share, for the second quarter, compared with a year-earlier profit of $21.4 million, or 3 cents per share. Revenue rose to $321.4 million from $225.8 million a year earlier.

 

anal cysts surveyed by Reuters Research were expecting earnings of 8 cents per share on revenue of $313.3 million.

 

The company said it now expects revenue of $318 million to $338 million for the third quarter and $1.26 billion to $1.31 billion for the year.

 

anal cysts had expected revenue of $325.5 million for the third quarter and $1.28 billion for the year, according to Reuters Research.

 

Yahoo shares closed at $35.29, up 19 cents, on Nasdaq, before falling to $34.15 in after-hours trade as the news was released.

 

=================================

Spin began already. :blink:

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