UPDATE: Yahoo! went back to showing the timestamps, they don’t suck anymore…I think out complaining helped, good work guys!
Looks like Yahoo! Finance has decided to try to get more clicks by hiding the date/time stamps of the news on each stock’s main page! How can you show a list of headlines/news/PRs without their corresponding dates and times? I mean this just sounds crazy, right? Now, if you’re not a trader, you probly don’t care, but for those of us who spend hours upon hours digging through research and seeing how news / PRs affect stock prices, this is HUGE. We don’t want to waste time clicking on meaningless news just to see what day/time it came out!
For example, take a classic microcrapper momo play like SEED who on Monday morning updated investors about their new seeds. With Yahoo!’s new rules in place, you must click the stupid PR to see that it came out pre-market at 8:30am. It was good news so the stock rose a few cents, but it wasn’t anything huge. But on Tuesday, it was a whole new story—agriculture stocks were jamming and SEED rose nearly $2. If you go to SEED’s main Yahoo! Finance page, do you see the date/time for this PR? Or for any other news?
Some flunky from thestreet.com attributed the rise to that Monday morning news, which those of us who know what time the original PR came out to be ridiculous considering it came out pre-market, not after-hours, so there was a whole day for suckers / pumpers to try to get some momentum behind the stock, which they failed to do. Luckily, the hot agri sector bailed them out on Tuesday.
Which brings me to my point—unless you do some clicking and digging, you’re not gonna understand the factors behind what moves these stocks. TheStreet.com is staffed by too many journalists who’ve never made a dollar in the markets, so I can forgive them, somewhat. But by taking away the date/time stamps on news in a PATHETIC attempt to get more clicks/page views, Yahoo! is wasting my time, making it more difficult to research and hurting everyone’s ability to learn this great game.
That is not cool. That is sad. I urge you to email Yahoo! and complain–tell them how we don’t give a f%^# about their page views/ failing business, their focus should be on displaying information, all information!
