I am Now a YHOO Shareholder
Today I purchased a large amount of shares of Yahoo! Inc. (YHOO) at $25.32. I was originally debating between Ebay (EBAY) and Yahoo!, both companies seem to be good buys right now (see charts below) — but I ended up sticking with Yahoo!. Their current stock price is in the $25 range, which is around their 52-week low. Basically I think that Yahoo! is in the bottom of a pit right now and will steadily work their way back up to the $40 range.
Yahoo’s 1 year chart:
Ebay’s 1 year chart:
I think that both companies look like promising stock purchases at this time, especially given the historical trend of tech stocks rising during the September to December timeframe. Yahoo! is currently in talks with Facebook.com, in hopes of purchasing the social-networking site, we’ll see how that plays out.
In Yahoo! I believe.
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September 23rd, 2006 at 3:34 pm
I like facebook the way it is, I think any kind of merger between yahoo and facebook may fowl things up. We’ll see. Good luck with the new investment :) I should get into some investments.
September 25th, 2006 at 9:05 pm
Given that Facebook has already declined offers from Viacom and Microsoft, I think that if they do end up getting purchased… they won’t completely sell out.