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Penn National Gaming Inc. Message Board

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  • finplan95 finplan95 Jul 19, 2007 8:58 AM Flag

    Is the deal...

    No. What is going on is Wall Street at its best when it comes to manipulation. classic example of arbitrauge and the wolves that do that type of thing.
    This is an all cash deal that might even get better. The Big Boys know that the little investor out there wants to sell but wants to wait to get closer to the buy out price. However, the market is moving so they just short a few shares now and then to drive the bid down to where the little guys has his stop losses and guess who is there to buy them? 7 to 8 bucks a share on 3 or 4 million shares is a ton of money for a sure thing. And if your borrowing the $'s at 5% it is even better. Watch and day we will wake up and the stock will be 64 to 65....that means they got what they wanted.

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