Exactly despite all this math on this board she said shares were pricing in Alibaba at $80. Profit-takers came in not knowing exactly where Aliababa will be at this point. Yahoo will be fun to watch as the IPO trades tomorrow. To me there is just too much hype I believe events like this usually don't end like most expect that's what markets tend to do to high expectations.
I was looking for $35 so I'm all out for now if it goes higher that's fine. I had a lot of shares so it was time locked in some nice gains and got the next dividend also. Good Luck to all but I will always have BBY on my screen just in case.
Let everyone else on this board do that for you. For me price action is what matters and right now Yahoo is well below $42. Maybe they are selling it to buy Alibaba. How funny would that be?
Susan Decker did the math on CNBC she said Yahoo is priced for $80 now that's why shares are stuck here. If Alibaba closes below $80 Yahoo will fade. All your math is nice but she was the President of Yahoo. It would appear she is right as of now. If Baba goes back towards the IPO price Yahoo is back in the high $30's.
Don't think you'll get that $4 in this Fed induced market but I would guess that there are "many" buyers/worshippers above $8 because of Cramer that's why he does not bring up RAD unless he gets hammered on social media. The 9am show should be interesting to hear what he has to say. I'm sure he's telling Faber to make it a quick subject right now and talk about Alibaba for most of the show.
Cramer was calling it a growth stock and pounding the table about RAD when it was at that $8.50 area that's why he keeps getting questioned about it on his show and really has no answer. He will almost never admit when he is wrong. You can bet a lot of his worshippers are stuck in above $8.
Wonder what Good Ol' Cramer will say you know they will kill him on social media today. I don't know if it can but if shares can close around $6.15-$6.20 it would not be a disaster. The futures are probably keeping it from sinking more. What a shame if they had good guidance the stock would be well over $7 today.
I have a feeling it will be that way but I may have waited until Alibaba spikes a bit higher out of the gate possibly allowing Yahoo to move higher then start to short but who knows. I do believe that Yahoo will be back in the high $30's when Yahoo sells part of their stake since the CEO has not been too good at buying growth to satisfy the market and I doubt she will install a dividend it will more buyback most likely.
by blessing individuals buying up to $75. He slipped in the mention of Alibaba in the last 10 seconds tonight makes you wonder especially when he was singing about $90 to $100 just earlier this week. I could be wrong but this is looking like this will be so over hyped after the first few hours of the IPO. I will be patient to see if it comes back to the IPO range then I will look to get some. I just raised a lot of cash this week on a lot of sales which actually made me some money including BBY yesterday which made some nice money from the $20's earlier this year. I am psyched for some wild action when it starts.
I was close to taking that $32.20 area too but MU acted very well most of the day and dropped minimally as the Nazdaq peeled off 20 points late. I think this can get to the upper range of $32 before earnings then I'm out. Right now I'm long from this recent drop (3,250 shares). The Fed today allowed for some more room to run at least in the near-term. I guess we'll see.
I still have a feeling it will move fast out of the IPO then it will fade both sets of shares. It will be a sell the news event. I'm out of Yahoo and was tepid about getting back in because it moved too far too fast and profit-taking will always kick in when a stock is up $11 in about 6-7 weeks especially one like Yahoo that has disappointed recently on their earnings. This is solely about their stake in Alibaba and when they do sell some shares Ms. Mayer's track record on acquiring growth has been poor then let's see how the market reacts when their stake is cut in half supposedly. I believe you will see the high $30's again pretty soon.
He did not sing $50 again tonight. This is starting to smell like the typical pump and dump by the Najarians and Cramer. Cramer was mysteriously silent this morning about Alibaba let's see if he mentions anything tonight. Yahoo's action lately may have tempered their enthusiasm. Now if Alibaba does explode out of the gate it may push Yahoo higher but let's see how this plays out.