As far as my trades go, I've bought Yahoo every time it gets into the mid 20's and sold it via calls written at 30 (or thereabouts) for a couple of years now. I called Yahoo! looking ready for a sale on January 1st of this year. I saw the company as cheap in the low 20s and never had much confidence in management to monetize the fantastic online brand they have. So while I feel like a hero for noticing the low price and naming Yahoo as a buyout target, I missed when I specifically said that Microsoft (MSFT) was an unlikely buyer. Well, I'd rather make money than be right.
