if it was not for this market we would closed over 41.50 today.
From my 14 holdings YHOO is my only long. I have been short in this market for weeks now.
After Mayer news came out we have seen over 500,000 shares traded. These are not retail onvestors, Some big firm either covering or might be Starboard cause Mayer is looking forward to talk to them. I guess Starboard way to say thank you :-)
Sold majority in 40.40 i think (i did not count - had over 3 dozen sell orders. I did not want to rush and sell all same time, so throw 600 shares market sell during that panic covering, and was hoping to scalp 30-50 cent, but end up paying avg 40.58.
At least I made nice profit from 2 minute call option, and from AOL short.
Not really. We can not tell until shorts have opportunity to speak. If they think BABA is overpriced then they will buy puts. So we will see.
shorted 44.61 and covered 43.82....i think has room to go down more...but i am not closely following aol and do not want to take unnecessary risk
it went as high as 46.79...why???
many made killings today....and many lost a lot for selling the calls...
check todays 39.50, 40 and 40.50 calls....
just amazing..from 1 cent to 1.30....WOW
i would never ever bought 39.50 calls at 2-3 cent just 3 hours before expiring when stock is 39.02...
but if you were quick enough you would had chance to get in 15-20 cent and sell with 300-500 % profit in minutes..
I love yhoo long term
got 40 call at 8 cent and sold 64...i did not even have time to read the news
it poped from 3 cent to 8-10..
i should have bough more..only 100 contracts
Agreed. 2nd guy is on the money. 100% agreed
Nice to see volume is dying and slowly YHOO will start normalize to right prices
Almost 95% stocks are overvalued for me, and only long stock in my portfolio is YAHOO.
Thanks for this opportunity. Added 1000 for every ~20 cent drop today. my last 1000 at 38.86 only filled 173 shares. I was little late. Oh well.
Last few days were extremely hard, because no baba shares were avail to short. Now it is getting easier to borrow baba, which is good for arb traders and yhoo shareholders. Arb traders buy yhoo and short baba until the pair ratio normalize . 2.3 ratio baba/yhoo is just too high and slowly will go to 1.4 to 1.6 range I think.
Unless you hear from relatable source which many times do not materialize either. I heard it here first but ignored it cause as I said most are bs posts.
Yes , it is alibaba , and amazon, overstock and ebay are very afraid of them widening their footprint in America.
First obvious and simplest , chepeast or free choice is yahoo. Yahoo is still number one or two us site, almost billion visitors a month. Alibaba needs that very very much. And there is a possibilities of hostile takeover also in case yhoo bod are against it. Tell me a single shareholder that will not approve selling his or her yhoo shares to baba at $60.
Because of that, I am increasing my 45-50 target to 60-65. Good luck
I hope you did not panic and sold yahoo last few days. Even though YAhoo is down since friday, the pair ratio is delining. PAIR is up 4.2% on yahoo's favor.
BABA/YHOO ratio was 2.3 and now it is 2.2
This is how ARBS make money. Regrdaless what direction baba goes, yahoo will get closer and closer to baba (relative based)
And some bears made similar comments w/o explaining
Stocks that are not shortable are artificially have higher prices, so saying BABA is worth $200- $230 billion is not fair when shorts did not have opportunity to get in yet ( fully). If some tutes belive BABA is overvalued they can not easily shorts these days.
So when it is shortable then within few weeks bears can not have any more reasons. Yes if BABA goes to $60 then YHOO upside may be limited, but if it stays here or go, YHOO will follow.
SO far ABS traders are making money since Friday. ARB pairs are up 2.5 to 3% as of 5 minutes ago.
oh well, both tank so much and di dnot help YHOO at all.
Only think positive with YHOO today, after the initial drop 1st 30-40 minutes, then it traded better than BABA relative bases. In other words %wise BABA went down more after ~10:30 then YHOO. I guess more and more ARBs are coming in.
it would be better if Yahoo was over 39.20. Let's see how it trades relative to BABA next 2-3 days.
My thesis is that BABA/YHOO ratio will get smaller and smaller. Today it went against my thesis, but too early to tell.
Let's think worst worst case.
ceo will burn the cash tomorrow
core worth $0
even then YHOO should trade over $41
what else do you want? I agree with this analyst.
For long term investment stand point YHOO is not really a buy, declining revenue, losing to comptetition...
but if you are here to make money int he short term ( weeks/months) YHOO is the only place to be that I follow.
As I told you before, me being very very bearish on the market, I have hard time to buy any stock these days, but I am long on YHOO.
Added few more at 38.40 and 38.70, and keep bringing my original 41.20 avg to 39.61