Friday, September 29, 2006

IT'S TIME TO SELL YAHOO

If it wasn't for yahoo, I wouldn't be where I am today. Both financially and otherwise. Yahoo was the first stock I bought online. I sold it 3 weeks later for 100% profit. The next 10 months didn't go well as I shorted QCOM in it's heyday. I never lost my seed money or the first yahoo profit,

But now it's time to sell. The news headlines it chooses to lead with is so anti Israel. I'm embarrassed to even own the stock. Here are some recent headlines and what really happened (as reported in the article)

Yahoo Headline: Religious vigilantes nab Israeli-Palestinian girl
First sentence: An Israeli mother desperate to retrieve her daughter from her Palestinian husband has enlisted an ultra-Orthodox group which orchestrated a vigilante-style raid to recover the child. It goes on to say Palestinian wife with whom he had five children.

Yahoo Headline: Two Palestinian teenagers killed in Gaza
attack against two Palestinians whom she said came to collect rocket launchers in the northern Gaza Strip, from where five rockets were launched towards Israel during the week. Hamas uses teenagers to collect and launch the rockets.
Why didn't the Headline read: Hamas uses children to launch rockets on Israel.

It's time to sell Yahoo. I have to wait until 2007 because we will be hit with high taxes.

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