All the Tech sector disappointed so far in earnings!!!
From AMD, INTC to MSFC to Google to MRVL, despite the kind of contribution these have in the tech sector, showed disappointed numbers in the earnings. Looking at all these, why yahoo would be any different?
Just opened a short position at $16.00 today, wish me luck to cover at $14 or lower.
The problem with shorts is that everyone wants to short the stock at the higher end, which is still holding the boat. Shorts let the boat leave now, we need to see lower $15.00 before the market close tomorrow.