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
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
