Well I certainly lucked out picking the right day to sell off my long calls bought the past two weeks lol. Should be some decent discounts coming... But damn, the news caught me off guard, why was it pushed forward? I only sold my various $2.90 - $3.05 calls expecting to combine them into one big call tomorrow or Monday before earnings. Figured stock would drop a little tomorrow after big gains today.
Where you guys think the offering will take us? I'm guessing $2.90s or so is all it'll really do, haven't done the math yet though. But anyways, highest priced calls I have left are at $2.75, and I doubt those get tested. Regardless they're for Jan 2014, so we'll be sky high by then :)
Yes, you are almost exactly right, 0.185M/2.45B=7.6% which is the most generous burden to common stock shareholders anyone have ever seen in their lives. After that a 100% rise in stock price appreciation is what as a minimum will happen in a year, if market will continue to go up.
And if no war or disaster happen, and even forgetting heating up housing market, it will inevitably go up because today's dollar is not the same, it buys at least twice less then in 2003 so there is no reason for DOW to stay at 10 years old values