I would expect a lot of that going forward. I would bet you will not hear another word tonight or going forward from Cramer about buying Yahoo. It would not shock me if he admits in a few days that his charity (I believe they own it) sold it before the IPO. Stephanie Link (his charity partner) is very good at doing that on the noon time show.
He was also pumping Yahoo right up to the Alibaba IPO along with the Najarians. The three pulled off one of the best Wall Street pump and dumps I've seen in years.
Did it sound like the conviction he had last week? I think you may see a bounce on Yahoo in a day or so. I don't think the market selling is quite done yet. The Najarians and Cramer just pulled off another classic WS pump & dump and Cramer will be telling you in his intro he's there for the little guy. Ask RAD buyers over $8 what they think of Cramer?
CNBC endorses it and don't forget he King himself....Cramer. These three pulled off one of the best Pump & Dump acts I've seen in years.
This is the definition of it assisted big time by Cramer, the Najarians and the CNBC gang. You will hear very little mention of either stock by these cast of characters over the next few days. I wonder if either Najarian will be pounding the table of a $45 or $50 share price any time soon.
Absolutely without the Alibaba gains built into the share price ( investment by a past CEO) she has done nothing for Yahoo and the market is starting to wake up that she will do very little with this new cash infusion.
Your classic Wall Street Pump and Dump fueled by Cramer, the Najarians, CNBC and all the talking heads screaming $45 to $50. The problem is the ball is now in Marissa Mayer's court and her track record without Alibaba is not that good. I will be sniffing around soon if it goes a decent amount lower.
I don't see it have you noticed the action since the IPO? It appears to be trading on Marissa's lack of ability to do something with the new cash infusion. Her prior record on acquiring growth that worked is in question.