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Master stock-mover James Cramer
came
out in support of YHOO Friday morning, and the stock slid up a fifth of a percent. Cramer’s feeling is that YHOO
has pulled even with GOOG in terms of multiples of projected earnings, and that if Google stock moves up from here,
Yahoo! stock should stop diverging and move in tandem. Cramer also notes that the ongoing bloodbath in the newspaper
industry should work in Yahoo!’s favor more than in Google’s . . . because Google competes more on the content side
than on the advertising side. In other words, Google News is more damaging to newspapers than Google AdWords. Anyway,
YHOO stock is still bouncing against a mid-term support level of about $31.
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