At 06:37 PM 7/7/98 -0700, Andreas Ramos wrote:
>
>Yesterday, on rumors of a net stock split, Yahoo's stock bounced from $50 to
>$199. Quadrupled in a day.
...
>But that didn't lasted long, by the next morning, it fell to about $100, so
>he's only got a lousy $2 billion this morning. Easy come, easy go.
While 'YHOO' has indeed skyrocketted, it has octupled(?) in a year, not
quadrupled in a day. It has never really had more than a 20 point jump from
day-to-day. It's 52wk low point was ~22 and high was 200. Today it got up
to 207 before closing at ~191.
It's been on a fairly steady (head-scratching) climb ever since mid '96. It
all began 2Q96 and fell to ~10 in Aug96 before this current positive trend.
It was 100 on June6, so you would have almost doubled your $$ if you
invested a mere month ago. And just imagine those that got in back when it
was 10!
[Showing my true financial acumen, I've been sitting inert on the sidelines
rather than investing my billions in Yahoo. Had I, this mail would have
been authored on a beach in Bimini rather than 8pm still at work...]
--bill
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