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Yahoo Slipping In Front of Alibaba IPO


Yahoo is trading lower despite the lucrative and well-covered IPO of

Hello from rainy Horse Country where, like everywhere else, Yahoo (YHOO) is trading lower despite the lucrative and well-covered IPO of In what may or may not be a coincidence, CEO Jerry Yang is in front of a congressional committee, saying "sorry" and answering some questions about doing business in China. Either way, I'm not loving the price-action of my back-from-the-dead dot-com name.

In other news:

  • I'll be taking a planned vacation from Fast Money for the balance of the week after tonight but I will be on hand in the 'Ville to discuss retail sales on Thursday. Suffice it to say, I'm not expecting great numbers. The question isn't one of strong sales, the question is whether or not the stock prices have discounted enough pain. From where I'm sitting, you have to stick purely to Best of Breed (read: Costco (COST).

  • I was one "slightly-closer-than-expected" Ravens defeat from winning my football pool for the weekend. On the upside, I didn't have to stay up late waiting to see how it turned out for me.

  • Burger King (BKC) is bouncing today after a combo meal of Good Earnings. Massive Secondary crushed the stock yesterday. As in retail so it is in fast food and all things consumer: there is the best of breed (McDonald's (MCD)) and everyone else. With the secondary news in the rearview, BKC could make a bid to be a portfolio-worthy name.

  • I don't know if it's the Coop Caution, the terrible price action in high-multiple consumer names who open their mouths (anyone see who wicked $10 off Under Armour (UA) after UA beat earnings?) or some combination thereof, but I'm not getting long Blue Nile (NILE) ahead of their report tonight. Love the concept, like the CEO but I'm deeply afraid of the stock here.
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Position in YHOO.

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