May 5th, 2008
Yahoo Stock Hammered [Did You Short It?]
As Microsoft’s bid expires, shares of Yahoo are expected to go down to pre-bid levels. Ealy trading overseas has not been pretty, and the first trades this morning on the NASDAQ appear to have shares of Yahoo down about 18%.
Given the chatter among the Twitterati on Friday who all appeared to be shorting the stock like crazy, we’re not sure how the price held up at the end of last week. At least our Twitter friends will be celebrating today! Maybe it’s worth throwing the profits into going long on YHOO now?
Filed under: Deals
[...] hammered at the stock market as …India Broadband Forum Feed - http://broadbandforum.in|||Yahoo Stock Hammered [Did You Short It?]Ealy trading overseas has not been pretty, and the first trades this morning on the NASDAQ appear to [...]