Mon 5 May, 2008 01:18 am
On the off chance that a Yahoo shareholder here doesn't yet know, Yahoo stock is going to drop like a rock on Monday. The Microsoft deal fell through (at least for the foreseeable future) over the weekend and the stock is going to fall (by up to 25% by my estimate) on Monday.
I don't have a dog in this fight, so anyone else want to make a prediction on how much it falls? Mine is 20-25% by the end of the day.
In the opening minutes of trading, shares are down $5.64 at $23.03. Shares closed at $28.67 Friday, when investors were hopeful about a deal.
I see it down to 17.00/18.00 $...
(In the next two days)...