- Buy YHOO @ $23.00
This is a momentum (greater fool) speculative trade, so I must set careful stops to limit losses or protect profit. I will sell on 5% drop (@ $21.85) and will take profits on 25% gain (@ $28.75).
Writing today, 6th April, Yahoo is at $23.30, up 1.3% since I bought it. The stock has been quite volatile this month, at one point down 4% to $22.01. Although this is a profitable trade I do not think we can call it a good call. Not yet. Let’s call it a mixed call.
Writing today, 23rd April, Yahoo’s price has not advanced as steadily as I had hoped – it does not have the momentum I am looking for. Time to get out, with a decent 6% profit. I’m upgrading this trade to a good call.
Sell YHOO @ $24.40