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Berger: Yahoo and Alibaba, the story continues
Over the years Serge Berger has found trading and investing opportunities arise when the news flow synchronises with a promising looking chart. This currently looks to be the case with Yahoo.
At the time of the Alibaba IPO, Yahoo owned 22% of Alibaba and, since the launch of the Chinese internet giant, investors have been asking for a change in the company. Possible mergers with AOL or the Japanese tech firm SoftBank have been mentioned.
From a technical picture the stock dropped on September the 19th, the day of the Alibaba IPO, but since then the stock has bounced and held its ground.
News of a deal with or involving Yahoo may not be imminent, but with more pressure from activist investors likely, the share price could be boosted by speculation.
01:16 minutes
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