I don’t know when/if $YHOO will ever make from the Tumblr deal. Maybe she just made another teenager a billionaire on that one.
Over the course of the next couple of months, speculation will run rampant regarding the use of the $30-40 billion she will make on the Alibaba deal.
Here is a look at the charts of both. I bought both today because I like their charts, not because I think they will be bought.
$AOL – I love a good wedge. I also like the fact that this one has 200 day moving average support just below current prices, so risk is defined. I never put my sop right the 200 day (sometimes they overshoot the level and then rally hard), so stops should be a bit below.
$YELP has been under pressure through this most recent pullback. I bought today off that 50 day moving average that I trust will hold for now. In a better tape I still think this has momentum to be north of $100 for a trade.
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