Sold YHOO Today

Bought YHOO in mid july at $25 & change. Blogged about it here.

The trade was working well for me until Sept 20th when I posted the YHOOuch thing.

Since then I’ve been on the fence, but when I heard from a friend over the weekend that Yahoo! had the YouTube deal for $1.3bn and couldn’t get it done and then saw it trade to Google for $1.65bn, I decided that it’s time to sit on the sidelines for a bit.

So I’ve sold my position and taken $1/share loss. It hurts but doesn’t kill.

I’d like to buy Yahoo! back because I am a fan of the company and I think its undervalued but I need to see some catalyst and I just don’t see it right now.