Yahoo Inc. giving back Caesar what belong to him...
Good Morning Fools:
Nice & Smart move what Yahoo´s CEO Marissa Mayer decided giving YHOO´s shareholders most of Alibaba´s net income business. It seems to me that this company must going to basics and Yahoo´s employees have the motivation and the capacity to bring the market new products, without the need of burning cash with new "doubt value adding" adquisitions.
Tech speaking now, YHOO is trading in a lateral range well defined, but after last two weeks we could see that the company is in nice accumulation mode, with two big green candles on weekly graphs that inspire Long to hold tight their shares. YHOO is navigating now over it´s 200MM, so bulls are in the driver´s seat right now, and Momentum is building up with a near term crossing MM´s 20/50/200, that could lead YHOO to spike near term and break up its perpetual lateral pattern.
I love this kind of tech. situations, that could lead YHOO to give back shareholders some of its lost luster Personally I´m Long this undervalued companyh.
Love from Spain.