stock marker will fall out of bed tomorrow

[Biggy]

i sold yahoo last week at $41, im glad i did. i didn't anticipate them missing forecasts, but i did think the valuation was full. i woke up one day, looked at the p/e, it was selling at like 50x earnings and thought to myself "ok, its time to leave."

i picked up PLAY who makes the chips for the video ipod. apple already said they sold 14 million ipods this past quarter.

at $34, i may have to buy back in, it doesnt deserve to drop that low because it missed one quarter. Within 30 days it will be back at $37, then back to $40 sometime over the next 6-8 weeks. People tend to get really down on stocks because they miss a quarter, this same exact thing happened in June/July, Yahoo was trading at $37, dropped $4 because they missed earnings (but revenues rose). It's the corrupt wall street machine working at its best for the drive for "quarterly earnings."

Happened to Best Buy too, stock dropped 6 points because they missed a quarter, I bought it at $43, and now its at $48 (i even posted on the board when i did).

[Mike AI]

Originally Posted by Biggy

i sold yahoo last week at $41, im glad i did. i didn't anticipate them missing forecasts, but i did think the valuation was full. i woke up one day, looked at the p/e, it was selling at like 50x earnings and thought to myself "ok, its time to leave."

i picked up PLAY who makes the chips for the video ipod. apple already said they sold 14 million ipods this past quarter.

at $34, i may have to buy back in, it doesnt deserve to drop that low because it missed one quarter. Within 30 days it will be back at $37, then back to $40 sometime over the next 6-8 weeks. People tend to get really down on stocks because they miss a quarter, this same exact thing happened in June/July, Yahoo was trading at $37, dropped $4 because they missed earnings (but revenues rose). It's the corrupt wall street machine working at its best for the drive for "quarterly earnings."

Happened to Best Buy too, stock dropped 6 points because they missed a quarter, I bought it at $43, and now its at $48 (i even posted on the board when i did).

I think there could be some buying opportunities - some people allow emotions to get the better of them.

[Winetalk.com]

Originally Posted by Mike AI

I think there could be some buying opportunities - some people allow emotions to get the better of them.