I know Yahoo is up today because of the rumor/news that they will spin off $7B of their stake in Alibaba. I can't speak to that but before this news, once they fired that foul-mouthed woman CEO Carol Bartz and announced a restructuring in the works, to me, you know the end is near.
Not that it's about to go out of business. But it's been on the decline for a long time. The one thing I will say they do have that is fantastic is Fantasy Football. But they don't even charge for it! So that is not going to save them.
At the same time the whole mood has turned incredibly bearish and yet on a day when other stocks are off by huge numbers, like GRPN and ZNGA, this stock's up 4%. Wall St certainly loves a rumor.
I think it will sell off promptly, and in general the trend will be towards 0.