YO YO YAHOO!!!!Well Yahoo CEO Marissa Mayer is doing an OK job but the stock are doing pathetic. From Dot Com Bubble crash til now it is struggling for sure. Even though it's making lil by lil higher high like one in 2005 and other in 2014 and it this trends goes on probably we may see another high in 2023? Just Kidding.
So from year 2000 high if we draw a red line we can touch it with 2014/2015 high Also the current price is near to touch that red line. So to me it will be a good time to short sell the stock around $45 or so. Don't know how that will impact if Yahoo YHOO wants to buy Twitter TWTR. But next stop may be around $30 or in long term $20. Well if the company really does bad then we can see sub $10. Let the market do what it wants to do and let us follow our master THE MARKET & THE PRICE.
Yahoo may not be as fat as YO YO MAMA. But there are some Adult (R) jokes here for fun while trading
www.laughfactory.com
Twitter Inc Is Not Dead YetShares of San-Francisco, California-based Twitter Inc have tanked nearly 14% from the highs recorded a week ago. Reportedly, a buyout is off the table for now, the primary reason for the sharp correction. What's scary for investors is that this has become a recurring trend, with the stock running up and subsequently losing nearly 14% twice since August. And with analysts predicting a further 8% fall from its last closing price, Twitter is best avoided in the short term. But Twitter Inc is not dead yet . The growing promise of live streaming, improving free cash flows, and a host of other recent moves make Twitter a stock to watch over the next 6 months.
Say TWhat? TWenty-Five Percent on TWitter? $TWTR The longer term trendline that match the 200 day moving average has been broken and backtested. This also matches the 62/38 Fib retracement of a recent bull pole, and my target is just under the first Fib extension. Additional support from smaller averages and horizontal levels. Keep an eye on that MACD trendline
TWTR- Hedge Funds Accumulating, Rumors, Speculation Good R:RI have been bearish (along with everyone else) for much of the last year. The earnings reports show the number of users remain stagnate and there are concerns about being able to monetize TWTR has lead to the huge bearish move. If you listen to CNBC and all the media they tell many reasons to remain bearish. However when public sediment has been "Everybody Is Bearish " is when those "in the know" often begin accumulating. Recently a large number of hedge funds have added TWTR to portfolio> Possible Buyout Speculation? TWTR has changed the number of letter and pictures that can be sent on each tweet, causing speculation something could be in the works, maybe they figured out how to make money?Technically Speaking is has traded to these levels causing a nice support. I like when a stock bounces off support a few times.There was a strong Bullish candle with volume on Friday. TWTR still has the 50 EMA and bearish gap to contend with. But the risk reward may be worth a 1/4 or 1/2 speculation position to the bullish side, if TWTR can fill the gap it's 1 to 1. It could conceivably up to the 100SMA . A Breakthrough of that up to the 3/3/16 pivot and the 200 would be a nice gain! A buyout by a couple of the big boys is rumored! I wouldn't bet the house buy not a bad risk here!. Anything below 13.80 its going down...
Double Bottom with All Time LowsDespite the attempt to create an All Time Low, 14$ was set as support last week and now we have a potential double bottom for $TWTR that may lead to a short term rally towards 15$ and 16$ (two potential target zone for this bullish setup)
R/R is shown at the chart
$SPX position above 2050 support potential bullish moves this week in stocks (read more in the newsletters) and it should support this beaten bird to try and fly again.
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