Something Very Strange Is Going On
eBay grows 44% and its stock sees a big decline. Huh?
Now InfoSpace, whose profits tripled and generally beat analysts' estimates, lost nearly 19% of its stock value. What?
Google and Yahoo! have performed so well over the past several quarters that their remarkable growth has become a kind of benchmark for other Internet stocks. But these kinds of expectations are wildly inflated and this kind of performance is probably unsustainable over the long term.
Sounds like the Oracle syndrome. No matter how well Oracle does on it's quarterly and annual financials, the stock finds a way to go down. Some things aren't even worth trying to understand
Comment by Jason Dowdell — April 28, 2005 @ 12:00 am
Hedge funds have more power than the retail investor. Until the hedge funds want the sector to rise it will not. These hedge fund operators have many traders who can come in with size to beat the bids of the "un" organized retail crowd.
It is killing the market.
Comment by Mike — April 28, 2005 @ 12:00 am