yes that's me. That was a lotto ticket and no doubt a loser. That happens! I also have the Jan 8 calls @ $1 and doing well thanks. What's your point? What's your position or are you just smack talk w no skin in the game?
The impairment charge also provides investors with a way to evaluate corporate management and its decision-making track record. Companies that have to write off billions of dollars due to impairment have not made good investment decisions. Managements that bite the bullet and take an honest all-encompassing charge should be viewed more favorably than those who slowly bleed a company to death by deciding to take a series of recurring impairment charges, thereby manipulating reality.
To me it sounds like he is prepared to show something amazing and he is proud to show what he was able to accomplish "all in just 90 days". Anyone else get that same drift? Maybe a major announcement.
https://tts.sec.gov/oiea/Complaint.html It's very simple to complete. Takes only 2 minutes online.
Trading halted to allow 9m shares to cover short.
At this price there is only one question that matters. BK? AND that will not happen. Over 50% float shorted. A buy out at $20 and it will continue to $40 as shorts step on each others heads to rush to cover.
I wonder how many other folks use YHOO everyday like I do. I use it for email, to browse latest topics, finance, streaming events, fantasy football and much more! I watch more advertising from Yahoo than Facebook or any other website. Lets start a petition here and see who else uses YHOO. It's not worthless to me... Anyone?
Sentiment: Strong Buy
If YHOO stock is worth less than the sum of its cash I'll take a double dip for that.
Cash = King! YHOO = Cash!
Only a matter of time before someone takes advantage of this unique situation.
Sentiment: Strong Buy
I personally don't criticize others when they crush it with a windfall of cash. Everyone knew about BABA when YHOO was $30. People couldn't see it going higher back then just like they do now. YHOO has maintained their plan to date and I'm confident they will continue to execute their strategy. Up over 33% so far this year and no reason to doubt management now. When the dust settles over the next few weeks and months YHOO will continue it's advance into the $40's and eventually through the $50's.
Hey RJ, the air in the premium is gone for now. I would wait and see if YHOO can get up into the $40's again. It looks like the selling and shorting has finally subsided. Give it some time to build a good base and new option buyers will get that premium built back up. You never want to sell just after all the premium gets sucked out. Anything can happen with YHOO at this point. Your better of waiting until next week. There is a huge short position that might start to unwind next week when BABA options are available. Good luck!
OK we hear you big penny. Please tell us your position so we can track your (progress). Not trying to start a hoo haw war but lets get the facts going forward. If you have been short at a higher price then kudos. If you don't have a position then thats another story. ??
I agree people rant without merit searching for an excuse for why their stock price got pummeled but after watching how CLF was orchestrated lower for several million shares to sneak in at the close is certainly interesting. Hey, if it's a precursor to something big coming soon then I'm happy for it. Loading up on the Oct and Nov 16 Calls for pennies. We know how fast this stock can run up when it does go up. Go CLF !!!
The efficient market will tell the story so no need for all the hot air. Fund managers made a big mistake in shorting YHOO for a hedge. They got lost in the moment and it became a frenzy of a mistake. Can't wait to see this thing get squeezed up now. Can anyone say, "GAP YEA"!! Oct 44 Calls cha ching!
Please explain your trades today bc I don't believe you. BS
Simply stated... I believe the short position today is an opportunity for yhoo to go higher. Exactly what atcoyou said already, take advantage of the frenzy in the hedge. When it unwinds it will pop. I'll give up $1 for that. And yes, if BABA goes down its not good for YHOO bc they own 16% of it. I also believe there was a play by the hedge funds pushing YHOO lower and loading up on the CALL OPTIONS at the same time so they can make more bank in a week when options are available for baba. I think the short play today was more for the fund managers to make more money on the yhoo option play than the baba hedge. It was just too convenient of a scam for them to pass up. BUY YHOO OCT $44 CALLS at .80. I got them at .70
The stock is still in the $40's. It just broke out last week. Give it time and it will be in the $50's soon. I sold most of my Oct 40's at the open (yes lucky) and loaded up on the 44's. Looking forward to next week! I personally think the short protection play was stupid and it's going to cause a squeeze and back fire in their face. 233m shares traded tells me its a large short now. The more the better!
Sentiment: Strong Buy
Facts are facts and the valuation discrepancy will be corrected with the most efficient financial industry in the world. The short play in my mind was stupid. The short squeze is coming!