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Tech

$AAPL, $AMZN, $IBM, $BIDU : 4 stocks above kumo

 

 

There are definitely more than 4 stocks that still looks bullish on the Ichimoku charts.

However, my favourites are :

 

 

 

 

I have chosen them for the following reasons:

1. They have cash.

2. They are market leaders within their segment

3. Pricing power and economies of scale.

4. Technically on the Ichimoku charts, they are still on top of the kumo support or above the kumo; which are bullish signs.

For $BIDU, we could easily substitute it with $GOOG. In my case, I want a proxy for the China market and in this case $GOOG fails the test.

Both $AAPL and $AMZN are extending their revenue beyond their core. In $AAPL case, the apps revenue and ads revenue will increasingly adds on and even be much more than its hardware sales.

In $AMZN, the cloud computing platform which they are offering will see increasing value as they target entreprise customers in the likes of brokerages etc.

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Tech

Yahoo Inc (YHOO): A bearish view

 

Yahoo (YHOO) has been trading in a very tight range since its gap up in October last year.

Since that gap up, it has been trading between a low of $15.50 and a high $17.78

The high took place at a time when the S&P 500 was at its peak this year as well.

We can see from the chart that it has drop back below the kumo; a bearish sign.

At this moment, Yahoo (YHOO) is trading below the kumo with a possible resistance from the kumo at $16.60

I will be looking for an entry to short YHOO. A break below $15.50 will give me a target of $14.60 and ultimately, $13.00

Yahoo has been cost cutting for quite a fairly long time. Developers were laid off and a fair amount of work outsource.

As a technological company, what is Yahoo’s strength? And if it is positioning itself as a content company, it will be going against the likes of AOL.

What plus point will want see moving forward? And do shareholders believe that Carol Bartz can re-invent this company?

My personal opinion is NO.

I believe the strategy forward for Yahoo is pretty much focused on getting their balance sheet clean up and looks attractive. After which, they will be acquired and that translate to an exit strategy for the senior management.

What do you think?

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Tech

Yahoo advertise on Times of India

From TechCrunch:

India’s largest English-language newspaper, the Times of India, has an interesting print edition front page today – a huge yellow advertisement for Yahoo’s It’s You campaign first announced last month. You can view the print version here.

The newspaper’s circulation as of 2008 was 3.14 million, making it the largest selling English-language daily newspaper (here’s the whole list). Yahoo already has a large presence in India, reaching 26 million of the 35 million online Indians (according to Comscore, August 2009).

What does the ad mean? Who cares. It’s big and yellow. Yahoo has said it hopes to follow up on the ads by personalizing the Yahoo experience for each user.