If you could have seen the classic Wall Street pump and dump he and the Najarians pulled off on Yahoo longs the past week into the IPO today. It was a classic for sure and CNBC blesses it each day.
Interesting reversal today. Though it did rebound some into the close it may indicate possibly that the hands are weaker above $35. The price has tended to hang in there lately even during intra-day pullbacks like today. It even got an upgrade which is a bit funny where were they when it was at $29 after the last report? I think the market is getting closer to one of those 3-5% pullbacks like we get a few times a year recently. If so it would refresh things for a holiday rally.
I believe that guy they dragged out may have been Benjy Bronk from the Howard Stern Show. I'll be listening on Monday on Sirius to find out. Too Funny....I guess he is the new Stuttering John.
I'm not feeling good about MU dropping. I move from stock to stock made some money on ORCL and RHT today. Which S-girl are you? I post "good luck"here and on other boards on occasions. Now I guess I am required here to do so.
Please keep it a secret....I'm buying Yahoo on Monday from the money I made shorting it today....shhhh don't tell anyone.
The credit goes to Jerry Yang and his people I believe they were the ones who got Yahoo involved in Alibaba. Pretty or not she is overpaid and is a simply a body in the CEO chair. Their earnings under her tenure have been nothing to write home about and have disappointed on numerous occasions. In a similar amount of time Zuckerberg and his people after a stumble out of the gate have used their cash well to achieve growth to satisfy investors unlike Ms. Mayer and that's the bottom line.
It is a classic Wall Street pump and dump. Did you notice how all the TV pumpers flipped the day of the IPO? Unfortunately most people cannot keep up with the quick trading that traders like the Najarians perform. By the time they tell you they are out it's a day or few later. Today Yahoo longs must have had their heads spin when one of the brothers said he was now short Yahoo along with hedge funds explaining today's plunge after the IPO.
Never trust or believe what Cramer and the Najarians say. How these guys can look into the camera with a straight face and still give advice amazes me and as long as they have a network that endorses it they will never stop. I understand the brothers are traders and so am I but they are in days prior to them speaking of a trade then they will tell you well after they have exited that trade. More power to them since the network blesses it. I'll bet a lot of longs on this board had their jaws drop when they heard John Najarian say he and hedge funds were no slamming Yahoo shares today. We all know what WS is about that's why I re-learned something today. Ask Cramer about his RAD stock.
Probably some algo involved but when the other Najarian (Pete) said he was getting in the stock it stabilized. Then the one (John) who was short said he was getting back in Wednesday it would appear traders wanted to beat him to the shares in addition to a lot of those shorts now covering. What's sad is that CNBC allows these criminals a forum to push their positions long after they are in yet they tell you days later they are out or have flipped like today. We were hearing $50 from them for days then we find out today one is short along with hedge funds. Stephanie Link-Cramer does the same thing all the time too.
Mr. Hedge Fund did the same on CNBC in 2000 while his traders were at their desks shorting his on air pumps during the tech crash. But wait he's in it for the little guy to make sure they have a level playing field. Just ask those buyers of RAD near $8.50 when he was pumping it a couple of months ago while shares were at a decade high. Sadly you know he has already tipped of his hedge fund brothers in advance when his constant rants occur.
He and the hedge funds went short....Mr.$50/share. CNBC perpetuates this with the other criminal Cramer.