Yahoo is getting close to closing a gap from nearly eight years ago at $38.96. I am not in position yet, but I suspect that, with any more strength, Yahoo will become a really cool short.
First off, this is definitely going to be the “lightest” day for me content-wise, as I am wrapping up my quasi-vacation, packing up, and making the long journey home. I appreciate everyone’s understanding! Things return to normal, such as they are, Tuesday morning. Second, for bears, the market is again in a “wait out the storm” mode, but below are a couple of interesting short-side plays once those gaps get filled: (more…)