When you get my age and a little senile, you will find that you do not have the staying power to do both happy hour and get laid, so you have to take one or the other. I usually opt for the drinking, getting laid could take much longer than an hour. Heck, the Viagra don't kick in for an hour. For the record, that four hour erection warning is strictly an advertising ploy, I know! I have been anticipating that miracle for 15 years! Never got one that lasted much more than 15/20 minutes. Give me a bourbon over the rocks and let's get the happy hour started!
Pebble, don't let any article blow smoke to cover reality. Verizon's real goal is to gain access/control over the nearly one billion YHOO users and then exploit that base for their own mobile network ends. Where else can any company so large an audience overnight? Sure, they will also integrate YHOO's ad tech tools into the process, but it is the users they covet. YJ will very likely not be included in the sell but if it is included, you would be looking at a combined price for YJ and core of 12-15 billion. YJ remaining in the YHOO stub will leave an asset that generates over 100 million annually in license fees. The YJ shares would be worth an additional 7 plus billion to the BABA stake, depending on tax structure. I think the only deal to make any sense is the entire company be bought or EVERYTHING except YJ and BABA (and likely that is the deal coming). I expect the 7-8 billion range will prevail depending on how many bidders participate. I am sure the board participants noted the news splashing all over the wires about major short sellers moving in on BABA! This no doubt aimed at pushing down YHOO share price. All I can say about that is do not under estimate Jack, if BABA shares get low enough, he might just buy the 300 plus million shares YHOO owns. Then what are the shorts in both stocks going to do for an encore?
Whatsall, the answer is simple and straight forward, no conspiracy! The Jun 17 contract is the normal monthly contract that has been available for trading for six months. Option traders, especially retailers, for the most part play the normal (higher vol) monthly expiration to gain liquidity and better spreads. Reaction to special circumstances more often will be found in the weekly options expiration. There is nothing sinister about the large open position for Jun.
Market over all? flat to down a bit, short covering may be winding down and there could be a shortage of buyers. Then toss the three day weekend into the mix and the adage of sell in May and go away, and we almost have to lose ground tomorrow. These are just my thoughts and not intended to be actionable advice to anyone.
Since there will likely be no event around either stock today, I would guess that both will continue to recover tomorrow with BABA balancing out at 78ish and YHOO trading toward 37, maybe even toward 37.5if there are any positive rumors on the sell. I have the thought in my mind that the YHOO sell price will be very satisfactory to longs, and some level of clarity should come within the next three weeks.
Thanks, Curzero, yes, by 10:30 in a down market we had YHOO up over 1 and BABA up over 3. It was either blind luck, or maybe the result of trading daily for over 50 years. I do not know if it holds, but I sure will not bet against/short either company right now. I do see an over all market drop fairly soon and just hope I am out of YHOO by then.
Ask those folks who have lost hundreds of billions in energy company equity/debt just how much confidence they have in the SEC! I think you miss worded your last sentence, I am sure you meant, They (the SEC) are fools all around.
We are on the same side so let us not argue. MM has to go and company has to be sold by the new board members for the max they can get. We can do nothing about the old board and their slave like addiction to status quo. A sell is coming and the question is..".How much can we get?"
pebble...see article from Forbes..title..Nuggets of value continue to emerge as sale process drags on....search the title and read article
See summary and article is there, YHOO nuggets keep coming. Article indicates the 2014 purchase and speculates what that purchase is worth today.
Do you really lack confidence in Jack Ma long term? I feel for you, poor judgement is often the mark of a real loser! I think Ma will surprise you upside, every time.
H^ll we do not even know what YHOO is calling "core". What is really for sale? The patents YHOO holds could be worth north of 5B. I will not make a judgement until I see what is being sold. Until then, I am just buying on any weakness, today was a classic gift for longs!
Sentiment: Strong Buy
The 2014 investment by YHOO in snapchat has certainly doubled and more realistically is now 5X original investment, does anyone have any info on the amount of the original investment?