YHOO was a textbook capitulation play. If you happened to see the chart of YHOO I posted last night, you know that a lot of investors were in a lot of pain with YHOO. Many stops were triggered on the open when YHOO took out yesterday's low. The stock capitulated on high volume and then the buyers stepped in for a quick swing or daytrade.
Friday, March 10, 2006
Trade of the Day - YHOO
YHOO was a textbook capitulation play. If you happened to see the chart of YHOO I posted last night, you know that a lot of investors were in a lot of pain with YHOO. Many stops were triggered on the open when YHOO took out yesterday's low. The stock capitulated on high volume and then the buyers stepped in for a quick swing or daytrade.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment