posted on January 5, 2001 06:46:52 AM new
"Merrill Lynch Internet analyst Henry Blodget aid he expects listing fees could contribute $30 million to $80 million in revenue in 2001, or 2 percent to 5 percent of projected revenue of $1.4 billion."
"Deutsche Banc Alex Brown analyst Jeetil Patel said Yahoo's move is a "near-term opportunity" for San Jose, Calif.-based eBay. He reiterated a "market perform" rating on eBay.
Patel said that based on historical trends at eBay, he believes Yahoo's auction count could be reduced by one-half, from 3 million listings to roughly 1.5 million listings, albeit with listing fees. eBay had roughly 3.7 million listings on its site as of Dec. 29."
These big $ analysts seem to think the yahoo auction count will only decline by at most half, that yahoo will remain a threat to ebaY's dominance, and maybe even increase since ebaY has fees and more listings.
Clueless, Clueless, Clueless
Won't they be surprised?
4/1/01 Gasp; It's almost empty, who could've guessed this would happen (other than all the users we didn't listen to).
posted on January 5, 2001 07:04:19 AM new
Check the record of these "ANALysts" if y7ou want to define clueless... Sir Henry in the past year has issued at least 4 buy or strong buy ratings on Amazon, and a few more on eBay. Blodgett had a strong buy on Amazon at 70, a buy at 110, etc. Also note that Merrill Lynch and the others (who hire these MORONS) most of the time have a vested interest in the stock price, since they are underwriters for these companies... Also note that (amazingly) in a year where many stocks on the NASDAQ took their biggest beatings IN HISTORY, and the NASDAQ index, led by the dotcoms and the tech stocks DID take their biggest beating in history, at any one time the average ratio of the "buy" ratings to sell and neutral on these NASDAQ stocks is AT LEAST 30 to 1. OBVIOUSLY,
The vast majority of these analysts
are either morons, criminals, or both, and they either are totally clueless, or are recommending stocks in order to drum up business for their employers, or both.
Hullo, SEC???
And people actually LISTEN to these idiots... Actually, it's a good idea to listen, just do the EXACT OPPOSITE of what they recommend...
Gasp; It's almost empty, who could've guessed this would happen (other than all the users we didn't listen to).