Today I chose to short YHOO for a long term play, I got in at 19.13 and want to see YHOO going down to the $18.50 or $18 range. If YHOO does not work out, I plan on exiting in the range of $19.30. So I am not really taking a big risk here, just looking to put my idle money to use. YHOO gapped down and therefore it is a lot more manageable to swing trade at this time. Also it is below the 20 day moving average and should move towards the 200 day moving average below.
The picture explains the target.
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