Hey buddy you make more money watching Kramer on Seinfeld and picking a company on a commercial than that guy he flips and flams everyday I try to do the opposite of whatever he says.
Channel Surfing and caught Cramer's comments about YHOO....usually do not watch him....he's a jerk...but a market-moving jerk!
He says but tech for EOY runup...."buy tech...any tech...even YHOO will do well....buy YHOO"...kind of a left handed compliment but YHOO has been sooo beat up that 30 by EOY is easy!
Yahoo always goes up from Nov-Feb (x-mas season), so of course Cramer is going to jump on the bandwagon. It's a pretty safe bet. Take a look at a monthly 10 year chart and you can see that with the exception of 2001...Man, wasn't the winter of 2000 wonderful though....Yahoo at $240
I really think YHOO is going to pull back to the 25s....Read carmers take on YHOO..
The other scary stock is Yahoo! (YHOO - news - Cramer's Take - Rating), which Cramer owns for his charitable trust, Action Alerts PLUS, Cramer said.
Although it was a thought that Yahoo! could be taken over, right now at $26, not many companies can afford to buy this company, he said.
"Whole Foods is no good, and the Yahoo! speculation is not right," Cramer said.
All this freaking M & A activity today and past couple weeks and still nothing involving YHOO! What gives?? We all know there are many suitors (MSFT & CMCSA to name two)willing to pay a nice premium for a company that has seemingly lost it's competitive edge. Why not join forces with someone and slay the mighty GOOG?? The timing couldn't be better. Not trying to pump......just seems like a logical move.