From 1.2B+ outstanding shares to now less than 900M shares is pretty significant reduction of total outstanding shares. Since MM took over about three years ago, YHOO spent over $12B buying back their shares yet many here are complaining she is not doing enough shares buyback.
I think they are no longer tied up together after the lock-up expiration. This is the first day of trading after a year of lock-up.
Likely interest no motivation to sell their holdings with Softbank owning about 800M shares Ma about 270M shares and YHOO about 384M, (from 1,6B open shares available)so basically it will be non-event or just a regular trading day Monday.
When I say I am staying in the sideline means no buying and no selling since last transaction buy YHOO at $33.05. Hey you don't feel sorry for me buddy because I am good, very positive in my investments except my mad money account in YHOO.
Thanks Pebble, very encouraging post after YHOO got cooked big time today. Do nothing until I read your post and I will continue in the sideline in the meantime.
Mr. Liang article is completely a one way street. Balanced reporting should be the norm. It shows to me that he simply do not like BABA. He could have unpleasant experience dealing with BABA or he just didn't like JacK Ma.
Talking about owning BABA shares, Mr. Tepper, one of the best of best Hedge Funds manager is that BABA is one of his top three holdings. AAPL is one of his top three too.
YHOO shareholders will be rewarded three times big time: spin off of BABA shares, spin off of 35% stakes in YJ, and merger or buyout of YHOO core. As you can see no big institutional shareholders are selling their YHOO holdings. In other words, they are staying with YHOO. And no analysts are recommending to sell YHOO. Unfortunately due to recent IRS news, some analysts lowered their PT. However, I think the strategy here is to be patience and wait until these three events unfold.
Stay with YHOO, you will be rewarded big three times: spin off of BABA shares, spin off of YJ stakes and merger or buyout of YHOO core.
We got your numbered shorty. We, YHOO Longs, would not let you shorty take our money shorting YHOO and BABA yeah baby.
Of course you have great respect to Laing because you like what he said about BABA. But many analysts disagreed and are sticking to BABA potential growth and they don't agree with your "boy Laing" yeah baby.
Wow, you are definitely a super greedy trader without a doubt. Easy money, big profits yet no desire to cash in.