Was due to the Yahoo 39% share in China. While the news was centered on MS and Alibaba Yahoo was associated.
If there is a hint of buyout or merger, without a doubt, YHOO will explode bigtime, up up up up $10 to $15 yeah baby!!!
Wall Street is starting to put emphasize about market value of Oct 25 event for YHOO. I think Wall Street is now realizing also that Carol taking her seat on Oct 25 will further increase the market value of YHOO investment in Alibaba.
There was a large volume today but there was resistance at 15.48. That will likely be tested again before closing. Hopefully the close will exceed 15.50.
Anything is possible. We'll know in the next few days.