[Entering Put Position on Yahoo (YHOO)]
Dear Member:
Yahoo (YHOO) remains below the downtrend line on both the daily and weekly charts, MACD has turned down, and DMI has turned down. I really do not see anything too positive right now. A VP's memo was leaked and it reportedly was not very positive. Unless YHOO responds to the information in the memo, I doubt we will see any positive news in the immediate future. I am placing an order to buy the Apr 27.50 puts (YHQPY) at a limit of $2.55 for the day.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
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