Covered at $40.56 almost got in was looking for near $40 but it never got there. I think some of this today will fade unless the market rips into the close. It seems like it wants to go lower for now.
That's why I covered earlier but you can now toss a coin on which way it's going in the near-term before the IPO. After Alibaba trades then you will be able to figure out where it should be trading.
Bingo it's all about the Fed and very little of any thing else. The fear of the sugar being taken away is vey scary to the global markets.
Thanks I'll be watching. There is still days before the IPO and the hoopla will slow and the Cramers of the world will talk about something else for a few days. This may close above $41 or near $40 today.... who knows?
This may go higher or be a sell the news event but don't you and others get tired of saying the same stuff since above $42. Just covered $40.56 may look to buy with a $39 in front of it.
If you follow Cramer and the Najarians you will be right about 50% of the time just like a ten year old throwing darts at a list of stocks. By the time the Najarians tell you about some "paper" they are already in for days and much of a move has already happened. After today's action I can see this stock with some form of a $39 on it over the next few days if the market continues to retreat. Today's market reflected some talk about the Fed being more bearish in their statement to come. Sad but this market now only moves on the Fed and very little of anything else.
Big Bearish bet on Yahoo just pointed out that the run may come to an end right around the IPO date. Just saying what they said....I'm just waiting for the IPO but if Yahoo happens to dip towards $39 over the next few days I'll take a shot.
The AAPL event and some Fed words this afternoon may be starting it. The market is hooked on the sugar more so than any world events...sad! Could you imagine if the Fed ever starts to attempt to unwind their $4 trillion balance sheet. I have always said they have no clue how to without wrecking markets.
Buyout?? Cramer who is a clown but did actually say that Yahoo will not be bought now that they will have a cash infusion and can "try" to grow with it. It has not really worked so far under Ms. Mayer so let's see what happens after the IPO.
It seemed that way a few minutes ago but lets see how the markets and Yahoo close. I posted last night traders may sell their gains in Yahoo from yesterday to trade AAPL today and it appeared that was happening between 1-2pm. Could be this AAPL event creates a market correction.
traders may sell Yahoo to trade AAPL. Between 1-2pm it looked like AAPL was the only stock trading volume on my screen. It appears that's what may have happened. If Yahoo does not recover today it may signify that a lot of yesterday's gains were fluff or momentum guys squeezing surprised shorts. Of course Yahoo could rebound tomorrow who knows? It is also possible that we may be in a bit of a market correction it is September. The close should be interesting.