Ok, SO I DO NOT RECCOMEND BUYING AT THE OPEN. I wanted to make that clear.
However, if you want to grab yahoo, there may be some oppourtunity to buy the weakness when the stock hits levels below 19.
My Lehman brothers trade was made on the reasoning that Lehman wouldnt go bankrupt, this was based on sound research I did, and a bottom that was evidenced earlier in the day
Yahoo will be in the same sort of situation that LEH was in back this year when i made an 80%+ profit.
If you see yahoo go below its lows, it is most likely from all of the selling action, and with the likelyhood of price recovery being quite high when the shorts start to cover, you may want to pic a percentage and buy, then you can thank msft
5 responses so far ↓
1 What !!!! // May 3, 2008 at 10:28 pm
No backing for your suggestion.
Looks like random guessing to me, I don’t see the point of comparison with Lehman .
What the hell are you talking about.?
P/E Ratio of 37 with a sales growth of 8.7% a year, give me a break.
The 19ish valuation before the March 31st MSFT Bid already incorporated a hope of a take over. Now that the hope is gone, the company is seeing single digits soon.
Really bad call for starting a blog
2 jay // May 3, 2008 at 10:32 pm
Well, we will see on monday
3 jay // May 3, 2008 at 11:32 pm
http://timothysykes.com/2008/05/03/breaking-news-microsoft-msft-withdraws-offer-to-acquire-yahoo-yhoomy-take/
smart guy
4 john clemens // May 4, 2008 at 7:59 pm
Thanks!
5 Why I sold half my shares of Circuit City (cc) today | The Fresh Prince of Investing // May 19, 2008 at 10:27 pm
[...] usually its only for a big buy i see, such as my Lehman (leh) brothers buy at 24.68 or my loving yahoo buy after the LOVING giant Microsoft (msft). However I can see the tides, and i know that shorts have [...]
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