Today, after market close, I did some research on YHOO........ I feel it is time to load YHOO with limited risk. At 32.50, YHOO is trading at forward PE of 44, a historically low for YHOO. Its market cap is about 8x of its 2007 revenue.. Compared to GOOG, YHOO offered lower valuation, and lower risk, while having much better diversification of business.
Whatever bears say about internet sector, the fact is that internet represents the best growth story among all the tech sectors. This new wave of net use will only get stronger.
The downside risk of YHOO may be $30. But unless the overall market crashes, YHOO may trade above $30 in near future.
Bought some YHOO AH. Someone is trashing GOOG........which I believe is still overvalued. But I don't have guts to either short or long GOOG. Good luck for those who ride on GOOG wave (down or up).