While Wall Street analysts and investment gurus took stabs at explaining today's unexpected, double-digit drop in Internet socks, the Internet's stock-message boards teemed with insight from the real authorities -- the daytraders who are largely responsible for both the 1999 rally in Net stocks and the correction of the past week that has erased much of the year's previous gains.
To give a glimpse into the mood of the individual investor during Monday's decline, we've included a select diary of postings regarding Yahoo!'s (YHOO) shares on Yahoo!'s message board. The company's stock has not only emerged as the bellwether Internet stock, but its message boards have become the most highly trafficked forum for daytraders. The messages -- unedited except for brevity or profanity -- reflect three themes that recurred amid the spam and touting of bulletin board shares: Most included die-hard denials of Yahoo! bulls who may or may not have been selling YHOO even as they defended the stock, while others took a smugly bearish tone and still others adopted an apocalyptic rhetoric by way of commentary.
YHOO back to 219 today.
9:50--182 and rising
hopefully we are bouncing back.
Down, Down, Down
Yhoo, Aol, Athm
I took profits on these 3 this morning and will set on the sidelines until this selling stops. It seems that traders are selling into strength and that news is no longer driving them up. I'll be back soon, hopefully. good luck all
this is not a rotation
this is an internet retreat. Look for continued selloff/weakness.
Day the Earth Caught Fire
The internet selloff is a forest fire. There aren't enough longs to hold back the licking flames-run!!!!!!!!!!
The internutz bubble may have popped but we can keep this from plummeting too fast if we all get out orderly. Don't cause a panic sell otherwise we will all lose. If everyone tries to sell at the same time the price will spiral down.
EVERYBODY TURN OFF CNBC FOR 1 MONTH
And let this times pass on.
YHOO 181 UGG and the WSP
What is going on wth Yahoo. Maybe I should do some shorting. The Dow is up over 200 wow.
Titantic: YHOO is sinking.
Where is the life boat?????
190 sell, 180 buy again until "rotation
Never worry about YHOO! It is oversold!
I am so glad I can buy more at these level!
EVERYONE JUST SIT BACK AND ENJOY!!
Dont fret about this....Just relax and do what my Father keeps telling me to do "BUY AND HOLD YOU SON OF A B----!!!"
Everything is Ok. YHOO is creating a HUGE base here.
Yea thou I walk through the valley of..
I fear no evil for...
Fire & brimstone hailed down from the
heavens and they we're all smitten. Not one was spared from the catastrophe and the blood flowed to the horses bridle. Then the morons that we're buying consumer cylicals woke up and decided the time was hence to purchase shares of YAHOO. And they we're handsomely rewarded for their patience. And all was well.
No-i will not let your poeple go
And a green mist descended upon the longs.
I am staying..
DO I HEAR MINUS 18???
YES I DO.
WHERE ARE ALL THE CHEERLEADERS??????????
RAH RAH RAH
ITS THAT TULIP BULB S--T AGAIN!!! EVERY TIME THEY WANT TO DRIVE THE STOCK DOWN ITS THAT
WHAT THE HELL IS GOING ON??
This slight internet correction will only last as long as we let it. C'mon people...nowadays the market is controlled by the individual investor, not the Fed and large corporation. Let's bring the internet sector back up!!
then He smited
the non-believers with their pagan rams and stock options. The land was afoul in flames, fear,and sorrow. The end of the world was to come to the blasphemers.
168 and falling..
remember what, not even 8 weeks ago....
yhoo was at 130? this isnt so bad if you look at the big picture- this stock goes up 40 pts in one day so whats 19 pts down? it can make it back without breaking a sweat. heres the bottom line- nasdaq, tech, internet is the hot stuff, not the old goats cyclicals, those are good for 10,20,30 years, slow growth. i betcha in a few days or so analysts are going to call this as good or similar buying opportunity as in last august- remember then? how long did it take for stocks to rebound?
-im not selling ANYTHING today!
MY POINT OF VIEW AS AN AMATURE..
In my amature opinion I think what has happened today is alot of the traders got worried about some of the analysts really stressing how they feel the tech stocks are over valued and got scared. Once a few of the big time investors started selling their shares the small time people started to follow suit. Anyway, I don't doubt all these loss (excuse me, depeciations (sp??) will soon appreciate back to where they were and higher. May not be this week, but they'll be back stronger than ever. It's just fear right now.
IF HISTORY REPEATS...YAHOO TO CLIMB UP!
Looking at the past 13 months shows we are in for a ride up since the 7 times YAHOO went below the 50 DMA the stock rebounded significantly. The average % increase was 89%! The range was 41-136% and the time period ranged from 8 trading days to 1.75 months. Applying that to this event results in an expected price range of 227-380(average=304). With all of YAHOO's positive news and potential I lean towards 380 by July earnings!!! Go YAHOO!!!
Nothing to fear
but the fear that my fellow longs will bail without me
Tech-Heavy Nasdaq Suffers Second-Biggest Point Loss Ever
by Brian Louis: