GS increased their price target on YHOO to $35/share. I'd be a buyer on any weakness here. This will be the trade today for mee.
Secondaries: ACAD priced at 15.50. VOC priced at 19.50.
Goog earnings: They like BLUD and MTRX. I had BLUD for the contest but knot for real. Bummer.
BSTE got a counter offer from IMA. Briefing says DADE, MTOX and NGEN are pins. As we know, MTOX is the play.
RACK sucks. Really just sucks.
I'm hoping IMCL and NE move today because I want to see Ace on TV! Speaking of TV, EVC, GTN and SBGI sure have great looking charts don't they? Hablan Espanol? We will in 50 years if demographic trends hold. Thank the Gods I took College Spanish. Vaya con Dios.
I need NE/IMCL to beat out VHI today. VHI is what scares me, in case someone is still holding. You know Nancy Beaumont is, but she's holding everything and is already in the finals. Not worried about traders, they should have swapped out of VHI at close on Tuesday and missed yesterday's 10% move. The non-traders didn't get out yesterday and swapped into BLUD, if they were going to swap out they did that on Tuesday. So worry is the buy and holders if any if VHI has a bad day.
I breathed a sigh of relief when I saw WEBM's market cap was below $500 million.
Nothing to do now but short VHI at close if it's close.
I ignored GS's YHOO upgrade, since 35 is only 9.7% above the current price. Anything less than 20% is a hold in my thinking.
I thought the addition of BHP to the conviction buy list was more significant, especially given that it is trading at the 52-week high and the top of the cup. You think they would wait for a little pullback. BHP not moving, perhaps even GS can't move a $145 billion company on a dime with an upgrade.
But the BHP conviction buy is good for the whole sector. Note that the CLF is moving this morning, I think on the Fast Money comments last nite. As I noted, almost sounded like the CEO was saying they were up for sale.
Barron's had an article on CLF some time ago and mentioned them as a takeout possibility. RIO is sill moving but of course I liked the LMC, especially on their "steal" of RNO. Zinc is goog.
I mentioned YHOO because you can trade in size. I'll wait for the gap fill and then we'll see. GS gapped them, and the shorties are going to try to crap them.