Source: $YHOO sale process has moved onto second round.
I don't yet know exactly who is on the $yhoo shortlist (save for $vz). Just know there is one, and losers have been informed.
With Starboard on the board, the deal or no deal will be out in the open and fully explained to shareholders. The bullsh** will stop. I don't care about blame. If it fails I take my loss and move on.
The buyers don't want to see added turmoil in Yahoo. Can you imagine trying to cut a multi-billion dollar deal and the head of the company is about to be fired? Come on you guys.
This will happen thanks to Starboard.
Marissa has given up on keeping her job and Starboard will dictate the outcome. Smith would not have conceded the proxy war without conditions to sell. The conspiracy stuff out there is silly.
4700 more June 38 calls just bought. that's about a $1.5mil. bet due in JUNE. They will control almost a million shares of yahoo if it gets over $38 by the 3rd week in June. Big money involved on the long side.
The mkt was looking for expanded stimulus from BOJ so it sold off last night. Didn't get it but the mkt memory is short as we all know.
I'm just a trader but I do know that fundamentals only become obvious AFTER the price has moved. Nothing is ever obvious until it's too late. I often look for news and go the other way IF it reverses. Again, I'm a trader not an investor
OK max, you can always sell and I'm pretty sure you knew what I meant. If you want to be a shareholder we don't have a choice. Go sell if the risk/reward doesn't fit you. Trading isn't easy. We all get it.
here's his tweet..."One name: Rick Hill --trojan horse--Yahoo $YHOO "
By the way...twitter is much better for up to the second news. I would spend more time there than Yahoo msg board. FWIW
We don't have a choice but yes I do. Starboard has the right people in place to maximize our shareholder value. They have money on the line too. Fingers crossed they break this company up and "SHOW US THE MONEY!"