Re: [CANSLIM] Is It Time To Buy Yahoo - Nancy

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Is It Time To Buy Yahoo - Nancy
Date: Sun, 2 Mar 2003 14:16:13 -0500

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Dave, I don't disagree, however it didn't trade $220 million worth of stock
on Friday from either retail orders, or speculation. And the short position
for Feb was not that big (3.3 days). Major (big cap) institutionals want to
own it, hence the volume and price spike. And it does show a 67% earnings
growth this year, and another 40% on top of that for next year. Fund
managers, and other institutionals, like those kind of numbers unless they
are a pure value fund.

On a weekly chart, the price spike on Friday clearly looks to me like a b/o
on a double bottom just over the pivot (mid point of the "W") so the
technical traders may be getting after it as well. Volume Friday did manage
to beat ADV, but overall volume remains anemic, and signals a warning. But
then overall volume in the markets is pretty anemic too.

- ----- Original Message -----
From: <Davellil5@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, March 02, 2003 1:55 PM
Subject: Re: [CANSLIM] Is It Time To Buy Yahoo - Nancy


YHOO has a cup, a wild handle, and has made two attemps to get above 21, and
met resistance both times.

Look at the numbers.  Yahoo is a turn-around situation.  How many years into
the future does the 115 P/E discount their projected EPS growth?

Dave


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