Buying the May 25 puts here. Some 15% of the float has traded (170M shares). Might hit 250m today. Any ideas on the near term (2 week) outcome? I say longs will be exhausted and MSFT won't be happy to do anything until the share price is lower. There's still plenty of float to come onto the mkt. (MSFT is in perfect position to come in and offer 25 when this is a $20 stock. If they don't do that, they are just foolish. Lets see how long it takes yhoo longs' near term confidence to erode).
yhoo is going up because there might be a possible deal with GOOG which in short term will boost the stock to $28
Looks more like a dead cat bounce, no reason for the stock to be worth more than $ 22/sh. There was no edge until the deal was either dropped or agreed on. Now we know that it is dropped, there will be a stronger negative trend. Those that are going long today at $ 25/sh are way too early. If the stock hits $ 21/sh, it may be worth going long on hopes of new MSFT bid, otherwise short is the best position for right npw.