Algokid
Short

UPDATE : YAHOO , Still short

NASDAQ:YHOO   YHOO
106 1 4
YAHOO             reported a terrible quarter a few weeks back . Mrs. Mayer ( CEO             ) also announced that they would keep a bigger chunk of Alibaba once its goes public. This statement alone tells me that Mrs.Mayer and her team have no clue how to make the company profitable again.

Technically , the stock is now trading below previous support( green line). I expect the stock to continue trading within the channel . I remain bearish on the stock

Cheers

Algo

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