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Category Archives: YOKU
Oct 11: GRPN YOKU, S
The 339,000 level on the jobless claim is the best reading for 4 and a half year. Despite low jobless claim, economy is still adding job in a slow rate. Keep updated with next nonfarm payroll and employment data.
Groupon, Inc (NASDAQ: GRPN) had a surge today, showing 50MA is once again a strong support.
Yoku showing a possible bottom play here. Bullish MACD, RSI, Slow STO.
Sprint is in talking with Softbank in Japan. Possible acquisition price is $6 per share. Share went up 20%. I sold at $5.8. I don’t prefer buying firms under acquisition talks because upside potential is limited, while a failure in making a mutual agreement would hurt the stock too much. I am satisfied with almost 20% profit in one day.
