I would like to see us retrace back to 9,300 before getting long, unless we’re talking about Yahoo! Inc. [[YHOO]] .
Joined Jan 27, 2008
7,406 Blog Posts
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Note: YHOO is on a mission.
THis is from an entry on tim knights blog:
Strictly Rumor ( PM from a fellow trader)– CAVEAT EMPTOR !!!! Maybe someone here can confirm….
“I’m out of the trade from yesterday but doesn’t mean I can’t indulge in a little bit of gossip.”
The latest from the trading desks according to ****** is: “Employees at YHOO are said to have just received an internal memo, time-stamped at 8:00 PST, to expect a “major & historical announcement” today some time after 2pm PST. Sources are saying that “Yang has agreed to leave his post effective today and that YHOO is again in late-stage talks to sell the whole company to MSFT”. Deal is immenent and could be done by tonight. Price being mentioned is $17~$19.”
The bulls need to stay above 9,300
what is your target on your HK short?
read new post, I just took the trade off– don’t like the action.