Yahoo stocks fate, after almost doubling in the three months since Microsoft placed its takeover bid for Yahoo, is set to tumble opening bell on Monday. An announcement by Steve Ballmer puts the deal in the bit bucket and sets Yahoo! stock up for a downturn to more reasonable levels.
The steamy price of Yahoo soared as expectations of a Microsoft takeover allowed new confidence in the oldest search engine on the Internet. But that steam is now gone as the price as reached beyond value and Microsoft has bowed out. Come Monday morning you might want to dump that stock before your neighbor.
Get set for Black Monday