(function() { (function(){function b(g){this.t={};this.tick=function(h,m,f){var n=void 0!=f?f:(new Date).getTime();this.t[h]=[n,m];if(void 0==f)try{window.console.timeStamp("CSI/"+h)}catch(q){}};this.getStartTickTime=function(){return this.t.start[0]};this.tick("start",null,g)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var p=0=c&&(window.jstiming.srt=e-c)}if(a){var d=window.jstiming.load; 0=c&&(d.tick("_wtsrt",void 0,c),d.tick("wtsrt_","_wtsrt",e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&0=b&&window.jstiming.load.tick("aft")};var k=!1;function l(){k||(k=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",l,!1):window.attachEvent("onscroll",l); })();

Wednesday, September 20, 2006

Internet Space Took A Dive



Right after 11.30 ET, when Yahoo!(YHOO) warned that it is seeing slowing/weakness growth in Auto & Financial services advertising & that results are expected to be at the lower end of prior guidance , its stock took a dive from $29 before finding support at $25 (near Mid July low), all within less than 1/2 hr.

And dragging down with it GOOGLE (GOOG) as well. GOOG fell like a rock, down almost $20 before finding support near $392 (the gap between 12/9-13/9). With several analysts out defending GOOG after this sell-off, it managed to gain some ground & close @$403.8

The YHOO news together with the political unrest in Thailand shook the overall stock market, on a day when range bound trading is expected ahead of FOMC meeting. Well, the stock market is unpredictable....

posted by Simply Options Trader at 11:15 AM PERMALINK


0 Comments:

Post a Comment

<< Home