There is at least $10 of overvalue in Yahoo's stock right now, all from people expecting to make a little money over the buyout. After all Yahoo was trading at 3 year lows before the MS announcement.
I would expect it to go back to $20-$23 range EOW.
If you were smart you would sell and then only buy again if you really have to have a piece of a declining internet company sandwiched between two behemoths willing to spend themselves out of existence to win the web.
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There is at least $10 of overvalue in Yahoo's stock right now, all from people expecting to make a little money over the buyout. After all Yahoo was trading at 3 year lows before the MS announcement.
I would expect it to go back to $20-$23 range EOW.
If you were smart you would sell and then only buy again if you really have to have a piece of a declining internet company sandwiched between two behemoths willing to spend themselves out of existence to win the web.