I am back to 100% cash this morning after taking a loss on another entry into LAKE, with the HazMat suit player seeing no bounce off its 20-day moving average.
The market is flattish here, with an old tech name like Yahoo! still hovering near resistance since 2000, seen below on the quarterly chart.
This would be a massive breakout, over $44, if it does happen here. Marissa Mayer’s firm has made strides. But I suspect it needs a bit more time to base under $44 before the long-term breakout does occur down the line.
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I have no idea how Yahoo makes much money anymore. They are losing market share every single day. Ad revenue has to be down, and I don’t think they have many services they actually charge consumers for.
I assume as long as BABA goes up, they make money from that.
^^ Exactly
Yahoo sports maybe? I’ve had no use for them in any capacity since ~1998? Never understood how they keep moving forward and have such a high stock price but Excite and others are out of business?
What has Yahoo done in the last decade that is relevant to anything tech related?
Oh .. maybe pulling employees from home that work in tech so they can sit in an office and wonder why? Okay, I’ll give them that.