Anyway, you know the saying: bulls make money, bears make money, hogs get slaughtered.  So, I got out at around $29.  Two short days later, it’s below $27.  Over the number of shares I unloaded: that is rent, payroll, equipment for a few months right there.

Today we hear MSFT is meeting YHOO for informal talks.  In part due to the fall in MSFT’s stock price, the $44.6B offer is in fact a $41B offer… and YHOO is now worth $36B.  Initially I thought the deal would close at $50B but the market has changed and YHOO’s Q1 won’t be anything to write home about…

So this begs the question:

- Will the deal happen?

- If yes, when?

- If so, at what price?

- More importantly, is this an entry point back into the stock?

I do not know: but my guess says yes, who knows, $31-ish and not sure, depends on how much cash you have lying around.

Frankly, I see some better opportunities in this market.

Why?  The $31/share was benchmarked to Google’s $747 altitude, I think… and not the wobbly $437 Google… but rest assured, if I do make a purchase, I’ll post it here.

If this was a matter of two companies acting pragmatically, it would be different.  But when people let their emotions drive their decisions, it’s bad news for everyone.

As a widely held security, hopefully Yang won’t damage too many people nest egg.

Disclaimer: Long - albeit lighter - on YHOO.