Wednesday, January 16, 2013

Facebook (FB) Has Recovered Nicely; Yahoo! Rising?

Facebook (FB) closed yesterday (02012.01.15) at $30.10. FB has had a nice bounce off of its all-time low of $17.55, but it remains well below its all-time high of $45.00. Our FB investment, thanks to dollar cost averaging, is above water.

Yahoo! (YHOO) looks like it might have a high volume day today (02012.01.16). YHOO closed yesterday (02012.01.15) at $19.52. 52-week range: $14.35 - $20.32. There is speculation that Alibaba is going to do an IPO this year and Yahoo! currently owns ~23% of Alibaba.

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