Monday, May 05, 2008
Man am I glad I didn't buy Yahoo
I have been piddling around in the stockmarket a bit recently, being an evil capitalist I am trying to profit of other peoples misfortunes, and was thinking about buying into Yahoo. In fact last week I was kicking myself for missing my chance when it's stock hit $28/share. Then the weekend came and the board of directors blew the proposed Microsoft buyout. The stock is down $5.88 at opening and I have a feeling it will be hemorrhaging all day long. Of course if the Royal Bank of Scotland gets off their butts and makes me some money I may be able to buy in a 16 or 17 and make a good chunk of change when the post shareholder revolt board makes up with Microsoft and sells at the original $31 a share.
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