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Seaspan Corporation Message Board

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  • bbarberayr bbarberayr Jan 12, 2012 3:09 PM Flag

    Volume makes no sense, but the price does

    I don't think those 10 million will be sold.

    I have 1,000 shares and wanted to keep them.

    What I did was tender my 1,000 shares yesterday seeing the price under $15 knowing they all wouldn't get taken. From the press release, it sounds like around 530 will be bough, so I bought $550 today at $13.67.

    I may not end up with exactly 1,000 shares, but I just reduced my overall cost by $730.

    I imagine there were quite a few people like me who will be looking to buy back here as well.

14.28-0.500(-3.38%)Jun 24 4:02 PMEDT