Buy YHOO

Discussion in 'Stock Market' started by DavidS, Nov 18, 2008.

  1. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    Yahoo!'s CEO Jerry Yang stepped down yesterday and apparently investors are speculating that the new CEO will be good. If you have some time and money, buy some shares of Yahoo! now. It closed down yesterday at $10.63 before his announcement and in pre-market trading is up $1.25 to $11.88 or 11.75%. Stock could go to $15 today.
     
  2. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    Yang's departure is good for Yahoo but, short interest only represent 2.41% of the float so there'll be no short squeeze today and looking at Asia futures is not encouraging. The optomistic buying in premarket may well get crushed by the end of the day.

    If anybody buys this pig, I hope you have deep pockets but, good luck if you do.
     
  3. DanK
    Offline

    DanK Administrator Staff Member

    Joined:
    Nov 7, 2008
    Messages:
    202
    Thanks Received:
    64
    Trophy Points:
    78
    Location:
    Sunny New Mexico
    Ratings:
    +76
    How long before MicroSoft steps in and buys Yahoo? I think it will happen, Microsoft is losing share to google every day.
     
  4. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    The probability if Yahoo! going to $15/share when MSOFT offered to buy it at $35 a share just a few months ago and Yahoo! rejected it because it was too low just shows us how bad off we all are.
     
  5. NOBama
    Offline

    NOBama Senior Member

    Joined:
    Sep 23, 2008
    Messages:
    1,242
    Thanks Received:
    173
    Trophy Points:
    48
    Ratings:
    +173
    I think it's going to happen too. MS should have snapped them up yesterday but, on the other hand now that Yang's gone, it may come to fruition sooner rather than later. If not, Apple may snap them up?
     
  6. DanK
    Offline

    DanK Administrator Staff Member

    Joined:
    Nov 7, 2008
    Messages:
    202
    Thanks Received:
    64
    Trophy Points:
    78
    Location:
    Sunny New Mexico
    Ratings:
    +76
    Hmm, not sure about Apple. I think they have to many ties with google. I was thinking NewsCorp the other day. It seems like they would love to own a property such as Yahoo with lots of revenue potential.
     
  7. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    NewsCorp??? Hahahaha! Around this time last year, they were trading around $22/share. 3 months ago they were at $14/share. Right now they're at $6.81 and dropping. Murdoch may have to sell FoxNews! :D
     
    Last edited: Nov 18, 2008

Share This Page