Submitted by The Standard06.19.2008
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This prediction is closed and has been judged.
The stock dropped to an intraday trading price of $19.82 on July 1st. Judged at S$100. The community was correct. --The Industry Standard
Yahoo's stock (Ticker Symbol: YHOO) has been on a roller coaster these past few months.
Most recently, following news that Yahoo! had broken off merger talks with MSFT the stock plummeted to the $23 range. Since then an exodus of YHOO senior execs is underway.
This is a prediction that Yahoo!’s stock price will go below $20 per share on or before August 2nd. The stock does not have to close at less than $20 per share; it can reach below $20 per share during intraday trading.
Related Prediction:
Yahoo!'s stock price to climb to $26 per share
Price History
Prediction Statistics
| Betting Closes: | Aug 02 2008 | Current Consensus: | 77.73% | Total Bets: | 25 |
| Today's Change: | 4.62% | ||||
| Life Time High: | 79.41% | ||||
| Life Time Low: | 50.00% |
Comments
At the rate YHOO is tanking, it might fall below $20 this week (or as early as today)! Looks like an early judgement on this prediction.
Lots of flurry of activites in the last few minutes. Rumor is that MSFT and YHOO talk is back on. See http://news.cnet.com/8301-10784_3-9975467-7.html and http://www.techcrunch.com/
From Ian on the trials and tribulations of YHOO's stock price:
http://www.thestandard.com/news/2008/06/24/picture-yahoo-continues-slide
Michael Arrington reports on possibly renewed discussions btw MSFT and YHOO:
http://www.techcrunch.com/2008/06/24/sources-microsoft-and-yahoo-talks-b...
Good lord! Yahoo has definitely thrown away any leverage they may have once had at this point. What a shame.
It would seem the Tech Crunch / CNET rumor was all fluff. Even Bill Gates does not think deal with YHOO likely. And Ballmer listens to Gates. Looking at the stocks, the volume has pretty much dried up and the lack of any news (besides the musical chairs aka reorg), the stock will drift downwards. Current price stands at $21. Given the August 2 is more than 1 month to go, a 5% downspike is very likely to meet the criteria of this prediction.
YHOO hits an intraday low of $20.70 today. Unless there is significant positive news, this is easy money at this time.
I would have to agree, frankly. Disclosure: I have placed a bet on this prediction.
With August 2 meeting looming, it is typically a risky move for significant annoucement. Even the recent reorg got an industry ho-hum reaction as replacing an inefficient model with a new inefficient model.
YHOO is wallowing under $21 and near intraday low most of today with negative reaction to YHOO latest headlines of proposed board candidates. We may see this break $20 this week if not today.
Today might just be the day. Opened at $20.49 (lower than yesterday's close) and has dipped to $20.15 so far in early trading. With no significant positive news, looks like the $20 threshold will break very soon.
Just hit $20.10 intraday low.
This deal is D-O-N-E! Dipped to $19.98 at 10:02 am Eastern and is still dropping! Judgement can now be made (1 month ahead of close).
This deal is DONE. Hit $19.98 at 10:02 am Eastern and is still dropping. Judgement can be made 1 month ahead of closing date.
Wow! After the support breakage at $20, it dropped to an intraday low (so far) of $19.71 (in 4 mins)!
Thanks for the heads-up David, we closed it out. Can't say we are surprised! Wanna submit a prediction that it drops below $18?
@Josh, $18 is rather probable given the current state of YHOO. Also, I believe Shiv has suggested a prediction of YHOO crashing to $15. I'd rather focus on prediction play on RIMM and PALM (both of which I have submitted prediction on) given the iPhone hype and its impact to other phone vendors.
Thats a very large drop and it says a lot about the current state of Yahoo, for those interested in Tradeking it would be recommendable to read the following informative article which should guide you in the right direction.
http://factoidz.com/tradeking-sub-5-discount-online-trading-but-is-there...
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