Why hedge it?...SELL IT!!! Alibaba may be making a ton of $$$, but BABA has enough mystery behind it to get out and run for the hills, especially at $93 bucks!!! People keep talking about the tax issue. I would love to have the tax problem Yahoo has!!!
Is there any integrity in this market anymore? People that used to "Short" would short because there were some internal fundamental issues that would eventually bring the company stock down...You certainly would not execute a short position on a AAPL with a fantastic balance sheet and $150 billion in cash or YHOO that has billions in cash if they sold there BABA position. Do you really think someone would execute a short position of this size without knowing what the company was going to do?...or could do? or has already done behind the scenes. Do they really think people are that stupid. They do not even try to hide it anymore!!!...But that's my opinion. Good Luck everyone...
Its the same way they manipulated AAPL. Its a game that makes no sense to anyone except the game players. Who would "SHORT" anyone that has plenty of cash to create a short squeeze? I think they have already made a deal with BABA, but the big boys want to make even more money buying Yahoo at the lower prices...right?
Its pathetic when these hedge funds/banks/other can control stocks movement. When it happens to companies with tons of cash, its obvious the companies are in on it. Who would short AAPL with $150 billion in cash (but they did!!!) same now with YHOO. They do it because they know they will not use that cash to create to increase stock price. Reasons: Unknown for now...but probably a buyout coming.
One of the biggest factors of DD is fundamentals, trust, and good analyst information. Neither are reliable anymore. It is a game played by the Billionaire Boys Club. Look what they did to Yahoo. Stock was down almost 2 bucks on Friday and company made billions instantly with Alibaba IPO.
Marissa hopefully "SOLD" in the HIGH 90's.Then YHOO creates a World record short squeeze to $65, and then sell short back to $45, then make a pillow out of the $100 billion plus and wait for Alibaba phone call to buy Yahoo.
They need to sell the company to HAL or anyone that can build shareholder value. Parker has shown quarter after quarter that they do not have what it takes. Even with the recent growth they have managed to infuriate there internal and external clients.
This was a sly way for Alibaba to pick-up Yahoo shares around 40. I guess they plan on buying them, but probably not at the price everyone expected.
Its 30 bucks higher than expected at open, who would worry about taxes. It is not logical that Yahoo is not up at least 3 bucks!!! That basic Math!!