If true that's usually not a good sign but why wouldn't she wait for this IPO? She knew this was coming and could safely assume that it would lift Yahoo's shares. Possibly her baby needed a platinum crib.
Momentum guys feeding off the fluff of the TV pumpers like Cramer and the Najarians. I posted last night that the attention will shift to AAPL for a few days and some of those traders may sell YHOO to trade AAPL. It appears some of that may be happening...for now.
knew something. There was a lot of shorting above $42 at about 9:25am.
Yahoo may trade in a tighter range like the futures so far. May test $42 I think $41.40's to $42 for today. I don't know where Yahoo goes near-term but the markets are way too complacent and up for five weeks. In general something is going to happen soon whether Yahoo follows could be different because of the IPO time will tell.
Who knows how this plays out but he is pushing his own book what else is he going to say. I now trust the Najarians as much as I trust Cramer. They to have led investors down the wrong path because of "paper" they see. On numerous occasions that paper disappeared in days well before any big moves. Now if Alibaba does pop then I would guess Yahoo goes higher but this is becoming the most telegraphed trade I've ever seen.
May be cheap for a reason too far too fast possibly. You may see some profit-taking to get involved with AAPL the next few days.
Is this a sign of too far too fast? Momentum guys do leave quick with any profits they have. Like I have said I'm waiting to see how Baba trades the first few days it's too late to actually invest in Yahoo limited upside before the IPO for now. I think Yahoo pulls back in the gap between a day or two from now and a few days before the IPO especially when all the TV talking heads calm down about Yahoo and talk about other stocks like AAPL.
He said buy it just under $30 even up at that point in the pre-market and was just talking about it at the end of his show. He will get killed on Twitter about this one like he has been about RAD. A ten year old can throw darts at a stock list and do as well as Cramer however I do believe that the CEO news and the Icahn involvement will make these shares go higher in the near-term. I did buy some today from $28.65 to $28.45 will add a bit more if it goes lower tomorrow. I think the low $28's are a floor.
Not so sure especially with AAPL taking the TV talking heads attention for the next few days. Do not underestimate the momentum added when CNBC and others spend all day talking about Alibaba and Yahoo. It is pulling back a bit in the AH and you may see some locking in some gains to get involved with AAPL in the next few days. I guess Yahoo's gains will depend on the IPO's success.
Why not $500 or a $1,000 within weeks. Be ready to take your profits in Yahoo soon because this is no longer a two sided trade it's gone straight up. A moment will come soon when fund managers and momentum guys will exit at the same time. This is now speculative based on Alibaba going much higher out of the gate which may or may not happen. I'll be hoping for a drop in Baba after the IPO to get in.
Nobody wants to miss the ride for the next day. However the trade is becoming too easy now and that should make some investors or traders nervous. Profit-taking will come at some point soon. It will happen most likely during an intra-day reversal. I would guess many shorts have covered recently and this may be a one-sided trade for now. Once again the close does not shock me I have seen this so many times.
The trade has become too easy at this point nobody or should I say funds do not want to be out before the next day. It is purely momentum and Alibaba for now.