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Wednesday, October 17, 2007 

YHOO gain 10% in After-hours !!!!!!! INTC beats the street too

Chart courtesy of stockcharts

Finally good results from Yahoo and INTC. Tomorrow will be a great day for Bulls again, specifically for YHOO and INTC. Well, let me talk now about YAHOO, one of my top picks for 2008. Yahoo reported third-quarter results that beat analysts' estimates. Net income fell 4.6 percent to $151.3 million, or 11 cents a share, from $158.5 million, or 11 cents, a year earlier, the Sunnyvale, California-based company said today in a statement. Sales, excluding revenue passed on to partner sites, rose 14 percent to $1.28 billion, beating analysts' estimates. Overall, the results beat expectations of analysts. Stock will open tomorrow with a huge gap up, according to investor reaction in after-hours ( +9% ). Looking at the daily chart, stock is currently trading in a short uptrend pulling back from recent rally that pushed stock from $22.27 to $28.76. The stock overall is still weak as 50 day MA is still below 200 day MA but this may finally be the time for the stock to reverse its trend. After this results we should see more buyers coming back and many shorts covering their positions.

Chart courtesy of stockcharts

Intel Corp reported today a 43% rise in quarterly profit and raised its revenue forecast to above Wall Street expectations. Company said its third-quarter net income rose to $1.86 billion, or 31 cents per share, from $1.30 billion, or 22 cents per share a year earlier. Stock gains more than 5% in after-hours so keep an eye on INTC tomorrow for a possible breakout of $26.40. The technical chart shows very positive sign as the stock has bounce back up after dropping near 50 day moving average, but stockis still in bull market with MACD still above 0 and 50 day moving average still above 200 day moving average.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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Fantastic your opinion in YHOO since the beginning of the trend !!! Good trader you're.

Smith

AC you are a master, YHOO make earn a lot of bucks, thank you !!

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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