Yahoo's Google Ad Deal: Salvation or Mistake? [View article]
"Sometimes it’s not easy being an activist billionaire." It wasn't easy having patience watching my short position spin contrary to where I ascertained it should have, not having a clue that numerous billionaires were buying entire weeks worth of trades. It was, however, very sweet covering the last 1/3 at $2.37 difference, the rest a little bit less as I slowly backed away from a surreal Battle of the Belligerents. It's still hard to conceive that YHOO ever went above 28, with no deal on the table, based on a previous but now dead offer @ 31 mixed cash & stock w/little details. Sometimes it's satisfying to let the neighborhood car chasing dog catch up (suddenly), especially if you end up with more than enough money to buy a new bumper.
Yahoo's Google Ad Deal: Salvation or Mistake? [View article]
It wasn't easy having patience watching my short position spin contrary to where I ascertained it should have, not having a clue that numerous billionaires were buying entire weeks worth of trades.
It was, however, very sweet covering the last 1/3 at $2.37 difference, the rest a little bit less as I slowly backed away from a surreal Battle of the Belligerents.
It's still hard to conceive that YHOO ever went above 28, with no deal on the table, based on a previous but now dead offer @ 31 mixed cash & stock w/little details.
Sometimes it's satisfying to let the neighborhood car chasing dog catch up (suddenly), especially if you end up with more than enough money to buy a new bumper.