Yahoo! Stock Likely To Get Ripped

Shareholders of Yahoo! (YHOO) stock are likely to lose a high percentage of their investment later today when the markets open. YHOO stock closed Friday at $28.67/share.The stock had risen $9.49 over the past month due to Microsoft’s (MSFT) bid to buy the company for $30+ a share. Reports indicate that MSFT offered $33/share Saturday to Yahoo! CEO Jerry Yang. Yang turned down the offer and countered with $37 bucks a share. Microsoft wisely walked away from the table, ending negotiations in the process.So Yahoo! shareholders and experts alike agree that the stock is set to get hammered today. It could fall up to 33% according to some pundits. Some predict it will drop all the way back to $19.18/share.