Tuesday, November 8, 2011

Red Hat; Yahoo!; Daylight Saving Time

Red Hat (RHT) was downgraded from 'Buy' to 'Neutral' by an investment firm because of "valuation." RHT closed yesterday (02011.11.07) at $50.58 and this investment firm's target price was $54. I have no plans on selling any RHT until it hits $67.48.

Yahoo! (YHOO) continues to be frustrating stock to own. It closed yesterday (2011.11.07) at $15.69. Today (02011.11.08) I read an article about Yahoo!'s patents and how difficult it is to place a value on Yahoo!'s intellectual property. In a nutshell, Yahoo! appears to have some patents that have some tangible value.

The Valley of the Sun, like most of Arizona, doesn't do Daylight Saving Time. That means during the summer months the stock markets open at 6:30am MST, but when New York falls back one hour, it pushes the opening to 7:30am MST. I much prefer the markets being open at 6:30am MST.

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