Taking my lumps on YHOO

i’m now down 2.5% on my yahoo trades. i bought more last week on the dip at 25.40 and it’s down a bit more from there. sounds like yahoo is preparing the street for some more bad news around its search business. i dont really believe their comments about weakness on the display ad front given my understanding that they have raised prices 30% this year and are sold out. i’ve never tried to win on market timing or even getting a company’s fundamentals right. i’m a macro investor. from a 3 year perspective i believe yahoo is cheap at a $34 billion market cap.

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