Chuck LeBeau

Yahoo vs. Tech Stocks: Sad Snapshot

Yahoo shareholders could have easily sold their shares in the mid twenties March through June and if they still believe in the fundamentals of the company they could be buying back twice as many shares now.

But that would have involved abandoning Buy and Hold and using some simple technical analysis.

Don't forget - its where you sell that determines the outcome of your investments. Buy and Hold has returned less than zero over the last ten years. That applies to the Dow Industrials and also to Yahoo which was trading above $28 ten years ago in November of '98.

If you are "Seeking Alpha" try spending more time working on exits. That's where the Aplpha is hiding. Buy and Hold is not just dying, its already dead.