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Prosperity Bancshares Inc. Message Board

  • aceputseller2000 aceputseller2000 Mar 7, 2003 5:39 PM Flag

    arbs buying

    strong buying by arbs in last half hour.....very bullish as they took the ask and kept buying as price moved up...we are getting closer to 21 range...pepsi bottling news kept pb down this week....should be 21-21.5 in next two weeks

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    • good reversal off the lows today, the sellers are having a harder and harder time driving it down..i was watching some big sells at 20.25 the other day and they drove it down to 20.15 for about 5 minutes before it shot right back up..a few weeks ago that action would have taken it sub 20..

      every day closer to the deal being finalized is a little bit lower probability of the deal falling through and a little less confidence on part of sellers and short sellers..

 
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