Looking for some opinions, what do people think yahoo's price action will be like coming monday morning?
Not sure, but in hindsight the short I was holding in the last 5 minutes sure would have been a good overnight. I think a 2 point drop to the closest support level is in order although the GOOG merger talks may hold the price up more.
I think YHOO will slowly move up to the $35.00 range over the coming weeks, without going below $30.00. One report says YHOO wants $40.00 and another report said MSFT might be willing to pay $35.00. Also MSFT might go directly to the shareholders and bypass the board members. So this deal isn't over yet.
I would say it would go down a bit. Microsoft takeover isn't clear now, and Yahoo is a troubled, overvalued company.
then what will happen to msft's price? i think the market already priced in the possibility that yahoo was gonna turn down the 1st offer.
It will trade in the $29.00 range with some downward pressure to $26.00 over the coming weeks in anticipation of a higher offer for YHOO.