was up more than
7.3% on Friday Oct 26th, with 2X normal volume. The stock is acting a lot better after their earning announcement, and they are in the same space as Google and Bidu (The Advert. sector). This group is also seeing positive money flow after being out of favor for long. The speculation was high on Friday as well the Jan 40Calls was traded over 170,000 contracts and it shows lots of optimism that
YHOO could be following the foot-steps of you know who in the same sector, they close at
33.63 (a new 52 weeks high), As people of this blog would know by now, I pay extra extra attention to 52-weeks hi list (and 52-weeks low for short candidates), So I think the break over 32 was significant, and must be paid attention to.
was up more than 7.3% on Friday Oct 26th, with 2X normal volume. The stock is acting a lot better after their earning announcement, and they are in the same space as Google and Bidu (The Advert. sector). This group is also seeing positive money flow after being out of favor for long. The speculation was high on Friday as well the Jan 40Calls was traded over 170,000 contracts and it shows lots of optimism that YHOO could be following the foot-steps of you know who in the same sector, they close at 33.63 (a new 52 weeks high), As people of this blog would know by now, I pay extra extra attention to 52-weeks hi list (and 52-weeks low for short candidates), So I think the break over 32 was significant, and must be paid attention to.
2 comments:
Hey man, love the blog. I've been trading for almost a year and have made about 15% this year, but have been learning a lot. Your blog's great. You really know your stuff. I've been following along for awhile and appreciate you doing the research for me :-). I traded on AKAM's breakout and got in at $35. I'm interested in options. How much do you need to start? I've got a pretty meager budget.
Hi Cole, I really can not comment on how much you need to start trading options, but I do want to suggest , get more experience and education in the market and invest in your own education, invest on yourself first, and do some paper trades before committing any serious money. How much you start with has a lot to do with who you are and how comfortable you are with high risk stuff, as you may already know , you can lose all your money in options or lose big chunk of it in split second. I don't want to sound like I am advising you , but since you asked I though I should say something, best of luck.
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