Yahoo! Longs Sell the News

Originally Published in Charting the Market November 6, 2007 10:14 AM

Yahoo!’s (YHOO-NASDAQ) Alibaba.com induced bounce appears to be over. The IPO was not a moonshot of legendary proportions, and today shareholders will come back to earth as the company’s management testifies before Congress. There was a good trade there for the nimble, but there is nothing good about Alibaba’s trade in shark fins. Environmentalists are fighting the good fight, and hopefully Yahoo! and Alibaba.com handle this issue differently than Yahoo! did it when they turned over dissident’s personal info to the Chinese government.

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