Intel and Yahoo both spiked higher after the close, once they reported their earnings. Yahoo, as I type this, has given up all of its gains, and it’s in the red. Intel, on the other hand, is up over 4%.
This doesn’t surprise me in the least. Yahoo, in my opinion, has always been a maker of some of the crappier products and web sites on the Internet, and I am stunned beyond calculation that they’ve even been as successful as they are. YHOO is all about Alibaba (founded by far and away the World’s Weirdest Looking CEO), and once that firm goes public on the oh-so-superstitious 8/8, they’ll have shot their wad.. (more…)