20 DMA is 18.03 - there is no techincal support below 18.54 - technicals mean nothing now
Good luck calling the bottom. It appears that 18.00 will be the key test but going back two weeks 18.00 was a new 20 day high so we might see a full drop to 16. The company might have been able to buy up these shares except now their cash reserves are frozen pending the outcome of the case otherwise the company would be liable for lawsuits...and they already may be facing civil suits if this case was known to the board and not mentioned in SEC filings. Not good for people to spend the week end digesting this and not good for YHOO to release this after hours on a Friday....blood in the streets around Yahoo.
Then a meteor will fall into the Yahoo complex killing all new recruited google engineers. This "non-final judgment" will be settled by an undisclosed amount on pennys on the dollar. I guess from $0-$40M. Peanuts. They have no debt, they can raise a lot of bond cash if needed. Ask Apple, Samsung, etc. or the lawsuits kings.