Yahoo (YHOO) Shares Tank. Opportunity Time Here.
Posted on Tue 19th Sep, 2006 01:55:19 PM
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
I just noticed that Yahoo (YHOO) is down over 12.5% as Yahoo issued a quarterly sales warning. From 11:35 AM to 11:55 AM the stock free falled from $29 all the way down to a low of $25.11.
Why does this matter? Well, the stock is only trading at 13 times 2006 earnings! I believe that the stock is way oversold and at these prices is a great bargain. Yes disclaimer, I have started already to accumulate in this range of $25.20-$25.40, and will continue to over the next few days.
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