Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

another lesson on the 200 day average

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Thank you Yahoo for giving folks another lesson on the 200 day moving average. Yahoo fell 11% this morning and opened way down near its 200 day average. The lesson? Don’t listen when people say moving averages are meaningless, frivolous, and always irrelevant.

I would not be a buyer at these levels, but that’s just me. Tens of millions of shares are changing hands today, so somebody is buying. The trend has changed lower as I see it, and the PE is still precarious for a stock with trouble growing quickly enough.

Yahoo

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Written by heyercapital

April 18, 2007 at 11:22 am

Posted in charting

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