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Yahoo! Inc. Message Board

  • mtt819112 mtt819112 Feb 10, 2013 11:43 AM Flag

    YHOO will run to $23 on Alibaba IPO News over the coming 2 weeks.

    My opinion but based on contnually reforming of significant support at the $20 level plus reholding of the 50 day MA and a reverse head and shoulders, YHOO is set up for another spring up. This has the potential to be a year long breakout as the folks who have waited for the catalysts to manifest themselves (YJapan, Alibaba, New CEO plans, Mobile,etc) are finally reaping the rewards. I am in at the ~$15 level and road it to the lower teens only to be rewarded with my largest single win (low six figures) - i've taken 50% of position and profits off the table and now riding the remainder until $22-25 depending on how it performs over coming weeks.
    I can remember the dark days of ~sept 2011 when the thing went to $12 - glad i averaged down then.

35.59+1.31(+3.68%)May 25 4:00 PMEDT