WWE.............. or H for battle of the Hedge Funds
In one corner we have the hedge fund that used YHOO as a hedge against BABA just as the 2 brothers who created optionmonster & who said that very thing on CNBC.
In the other corner you have another hedge fund that blames YHOO for the stock price falling/accuses them of not creating shareholder value when they should have yelled at the other guys & left YHOO out of it entirely.
here's knockout punch..Gene Munster says that the rumored takeover target for YHOO is AOL & both says Munster....are both fading giants. Decaying email service. Core of no value. No exciting story. So maybe buy something, but don't blow all the money. YHOO has some questions to answer longterm...ouch!
Also @1600 hrs. EST from Ironfire (big shareholder in YHOO) will be on CNBC to talk about all this.
carlos