Smart, I agree with you one day it will all be over. When is that day. Well last October the only thing I heard was "it's over", then Last week the Bears were saying jan 4th everyone would take profits, now the Bears say its after earning. I can hear the Bears when earnings come out, then it's going to be after the split. And after the split it will be after earnings again..... I am glad I don't listen to the Bears/MM's because if I waited for them to be right, I would have been out a ton of money right now. I can see the Bears/MM's the day it finally happens, they will be saying "See we told you". The only thing is, being right made you loose out on 500%+ return on your money in just 1 year. That's a high price to pay to finally be right. But I guess the important thing is the bears were finally right and they did not buy an overvalued stock.
YHOO went up 595% last year according to the street.com. And the whole time the MM's were saying how overvalued it was. Guess what, the nets are even more overvalued now. YHOO will even be more overvalued after earnings, and then even more after the split. One day you will be right. But what if is a year from now after another year of profits like this year or even half what they were this year.
You did make an interesting observation in one of your posts about the MM's getting out gradually. I think that will continue to happen, so they can get the highest amount of return on their money. (A smart move on their part) For them to sell huge blocks only makes the price go down hard, and eat their profits. If your favorite example SoftBank, tried to bail out all at once, they would loose tons of profits because everyone else would try to bail.
Some free advice, you need to find something other than a short position on YHOO to hedge your other stocks, because that $278 short position will be worthless before earnings or shortly there after. (Unless of coarse you already covered) |
