At the current yahoo price, I think it is a steal, too bad i have bought hundreds of shares BEFORE the latest 22% slide. Have I mentioned I hate stock analysts? The only thing worse are weather predictors and fortune tellers.
I think Yahoo might go down to around $20, where there is very strong support. With the geopolitical climate as it is and oil prices as they are, stockmarket is not likely to see any recovery until the summer is over. Yahoo is almost certain to go and test $20. If it breachesthe $20 level, who know how low it can go. However, at those levels, Microsoft will surely offer a big premium that even diehard Yahoo shareholders cannot refuse. As for today, we are seeing some bargain hunters come in as well as some good news from the tech sector in general. This is likely to be short lived. However, Yahoo sure is a good long-term play.