Looks like something might be brewing between MSFT and YHOO. Carl Icahn upped his stake in YHOO. Also a newspaper is reporting that MSFT is in talks to buy YHOO's search for $20 billion.
http://www.reuters.com/article/marke...0081130?rpc=44
IMO, MSFT would probably be a good short if they make that deal.
MSFT is allegedly wanting YHOO at a $20b deal, current price for yhoo is at 11.50ish if they take that said deal that should put yhoo up about 20 to bring the price to about $14.50 if these rumors are true of course, at a minimum this rumor might spark a few points without anything official anyhow, i personally might trade this deal.
i hope some form of strong news comes out early this morning with better facts about this deal, we will see what happens if i open my trade account at 7:01am and yhoo is already premarket at $12+ its probably going ride up a little bit. I have a feeling the market will not be able to weather the boatload of bad news this week...which is pretty much priced in mostly..
well before the rally it was...if yhoo can fight the current it is probably a good bet, just like "c" was a good 2-3 day trade(which who knows where that will be tomorrow with them selling parts of their company)