Oil will be down today again. Even The Iran's missile news could not hold it up. There is a fundamental problem with oil being at $135 for now. It will drop below $100 this year and will surprise many people.
Thanks for bringing up my last prediction. In that post I mentioned the chance is low. I also put a limit of $100. I did not mention to jump in with both feet.
Again in my current post I mentioned the risk is 30 cents per share. Not more. The reward is very high.
3 days to expire and it is 5 cents now. I think it be worth of putting $100 into it to see how it pans out. YHOO rejected the offer. It might (I say might) shot up to 31 by Friday. Although the chance might be low.
Their offer was take it or leave it. One theory was that they knew their offer will not pass security so they wanted to have high bod on YHOO so no one could buy YHOO cheap and this way, YHOO will not be bought.