Tomorrow is an important day for YHOO, Yahoo Inc. shareholders.
There is a Annual Shareholders meeting which also includes a vote for the new Board.
It is finally up to share holders to decide if they want to elect Icahn's board or stay with the current Yahoo board headed by Roy J. Bostock or get replaced by a board headed by Carl Icahn.
Our position on Yahoo has been short for months now. But, I think it is a risky move to short tomorrow, I also think the Yahoo's deal failure is priced into the stock.
High Risk Traders:
If you think the bad earnings have not factored in you can go ahead and short the stock.
The results are in, Yahoo's Board remains the same. If you have shorted on Friday early hours, you will probably make some money on Monday.
I have been short Yahoo since Microsoft made an offer. I am looking to cash out at around $18. If selling pressure remains I will stay short the stock.
Tomorrow should be a interesting day for Yahoo and Microsoft. If Yahoo's board doesn't get replaced, I advice you to get LONG, Microsoft (MSFT).
The reason for getting long MSFT, is that their stock has been hurt a lot since the acquisition news came up. They will refocus their strategy to buy up smaller web portals or companies so this way they could have a larger foot print and rebuild their online advertising business.
There is a Annual Shareholders meeting which also includes a vote for the new Board.
It is finally up to share holders to decide if they want to elect Icahn's board or stay with the current Yahoo board headed by Roy J. Bostock or get replaced by a board headed by Carl Icahn.
Our position on Yahoo has been short for months now. But, I think it is a risky move to short tomorrow, I also think the Yahoo's deal failure is priced into the stock.
High Risk Traders:
If you think the bad earnings have not factored in you can go ahead and short the stock.
The results are in, Yahoo's Board remains the same. If you have shorted on Friday early hours, you will probably make some money on Monday.
I have been short Yahoo since Microsoft made an offer. I am looking to cash out at around $18. If selling pressure remains I will stay short the stock.
Tomorrow should be a interesting day for Yahoo and Microsoft. If Yahoo's board doesn't get replaced, I advice you to get LONG, Microsoft (MSFT).
The reason for getting long MSFT, is that their stock has been hurt a lot since the acquisition news came up. They will refocus their strategy to buy up smaller web portals or companies so this way they could have a larger foot print and rebuild their online advertising business.
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