Robert Gremillion’s Blog

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Shoemoney Predicts Yahoo Stock Decline

Early this week Shoemoney predicted that Yahoo’s stock price would decline after a negative earnings release. He predicted a 5% decline, which Yahoo surpased Tuesday afternoon in after hours trading. It was down to $18.72 which made it a $2.09 (or 10%) haircut. I used to own Yahoo back in the glory days of 1999. I’m not sure if I ever bought it directly. Once I bought Broadcast.com and it got bought out by Yahoo. Then I owned Goto.com and it too got bought out by Yahoo. But I digress.

I may have to stop watching Jim Cramer and start tuning into the Shoemoney stock show.

This can’t be good news for the “Tech Heavy” :-) Nasdaq stocks tomorrow morning…

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