My biggest long position right now is Yahoo. I own the shares as well as 2013 call options.
Yahoo's 43% stake in Alibaba holdings (Taobao, Tmall, Alibaba.com, Alipay) could have a value of more than Yahoo's current market cap.
The wait for Alipay settlement is killing. But eventually i expect it to be a resonable settlement.
Jack Ma cannout afford to go against Yahoo and Softbank as they own more than 70% of Alibaba holdings. Alipay also receives over 90% of business from Alibaba holdings websites.
Yahoo and Softbank has considerable control over the situation and are not credited by market for it.
Have to wait for a few more days for the good news.
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