News of Alibaba IPO will spike YHOO to $25 . . . one of the biggest IPOs of all time
and backed by real ecommerce revenue vs. ad dollars. massive institutional buying supporting the stock and a $3 BIllion buyback waiting in the wings to offer support at any time . . .apparently only a small portion of buyback has actually made purchases on the open market imaging when they start block buying in a big way. Yahoo will want to complete as much of the $3 Billion buyback before 2013 and before news of the alibaba ipo - you'll see them run it to the low $20s within days. Yahoo's stock is working - bullish technicals all over - holding $19 nicely with significant consolidation and accumulation above $19. way above 50 and 200 day ma. nice short position to balance the buybacks - they'll continue to cover. . . .all imho
I think the letter of aggreement when YHOO sold their 20% stakes is that Alibaba IPO should be in the middle of next year. In that case, an announcement could come this month to on or about March next year. I have no doubt this Alibaba IPO announcement or even YHOO talking deal with YHOO Japan will put YHOO trading in the $20s.