Third Point made a filing tonight they sold 11 million shares yesterday and today. They had a trumped up reason for selling (to balance their investment).
Dan Loeb can't wait until Yahoo buy-back is complete: He sold 13 million shares now. It really is not in the best interest of the company and stockholders.
"trumped up" ?? I guess selling 11 M shares and still owning 63,000,000, after the sale, really needs explaining eh?
That would certainly explain the resistance over the past coupon of days as it was clearly not the action that we should have seen. Up steadily from here!!!!
Sentiment: Strong Buy