Yahooligans
With China’s market going stark-raving mad, it’s interesting that king-of-kings Alibaba (BABA) is struggling. After losing one-third of its value from its November peak, BABA has managed to recoup some of those losses. Recently, however, it’s sunk again, and the bulls’ main hope right now is that the horizontal I’ve drawn below provides support.
I’m short BABA by way of being short YHOO since, in spite of Marissa’s lovely photo spreads in Vogue, there really isn’t anything to Yahoo except for its BABA holdings. Thus, if BABA breaks the line above, YHOO is going to start to sink-a-roo.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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