Volume Spike Investor

It is still early before 8:00 AM EST so many of the trading systems are not active yet and many traders aren’t at their desks this morning (yet).  Shares of Yahoo! Inc. (NASDAQ: YHOO) are going to open lower if the trend stands this morning.   Jerry yang and friends were downgraded at Thomas Weisel in coverage this morning.  So far we have only seen some 2,300 shares trade hands, but the last indication was $20.96.  After a $21.45 close yesterday,  it looks like a 2% drop is being priced in.  Jerry Yang and friends are losing popularity rather fast.

June 24, 2008; 7:48 AM EST

Jon Ogg