Who cares about overbought? Yahoo is a $40 stock. Hold it for Alibaba IPO.
Third Point will increase its holding of Yahoo to 10% of Yahoo.
Green Light will get at least 5% of Yahoo.
Stock buyback to drop 50% of Yahoo current floating shares to under 500M.
Yahoo could easily trade at $40 - $50 in two years.
Stock buyback will not be 50% of shares. It will probably drop shares outstanding to just under 1 billion.