Everything Rallies - Except Yahoo

Don’t you hate to be left out when everyone is partying?

So imagine how Yahoo (YHOO) shareholders must feel today. Of the 15 most active Nasdaq issues this morning, 14 of them are trading higher. And then there’s Yahoo, down 81 cents, or 3.9%, to $20.01. Sure, I know, the stock was up $2 yesterday. But everything else was up yesterday, and that doesn’t seem to be impeding a rally by more or less everything else.

One contributing factor could be the latest gloomy data on search market share from comScore; the research firm issued a release late yesterday showing that Yahoo lost nearly a full percentage point of market share in August from July, to 19.6% from 20.5%. But the Street had the data a day earlier; I posted the information yesterday morning.

So party on, everyone. Except for you, Jerry.

Comments

[phdinsuntanning]

yen is doing bad too, who cares?

2008 Sep 19 01:09 PM

[Nedko]

I see on my watch list only 2 tickers that are in the red: JNJ and PG - both great companies and solid investments for tough economic times. Bottom line - it doesn't matter.

2008 Sep 19 01:30 PM

[andyn]

Man, you are still hoping for this stock?? Its a dead man walking.
You should have sold it when you got the Icahn bump into the $25s.
Anecdotally, I can tell you of 2 friends who have quit the firm and tell me intellectual capital is bleeding out of the firm at a rather fast rate. Check their attrition rate which is rather high now.
This company is a slow-motion trainwreck which can only be saved if someone ponies up the money again. GOOG was brilliant in proposing that deal which stalled BOTH YHOO and MSFT & even if Justice blocks that deal, I think they achieved their goal.
If 1 company comes out of this mess as a winner, its GOOG (buy it now at under $450...its a steal given all the market share they are winning)

2008 Sep 20 10:20 AM