Company makes record profit, stock price tumbles
How can we win in stock market by studying their fundamentals?
I do not waste time to study their fundamentals. My system works
better without doing any home work.
This is not a Wall Street trading system. This is a mechanical
system based on chart pattern recognition with the help of
technology.
I pick the stocks after the market opens and trade them based on
the charts I see. Simple and Logical
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7/20/05
Yahoo Profit Soars; Shares Tumble
Good news was bad news Tuesday for Yahoo Inc., which took a
beating in after-hours trading despite posting a nearly sevenfold
increase in second-quarter profit.
Investors hammered the company's stock, driving it down more than
10% after the earnings announcement. Shares rose $1.15 to
$37.73 in regular trading, then plunged to $33.90 after hours.
Yahoo reported net income of $755 million, or 51 cents a share,
compared with $113 million, or 8 cents, during the comparable
period last year.
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