have had this stock for a long time. bought way above $33. i don't need the loss this year or next; because i've got other losses higher than any gains or pending gains. Soooo, do people like myself, who don't need a loss from NYX opt for the 25% of ICE stock and try to watch it go higher, or do we bail out, and take the loss for tax purposes FOR YEARS to come ??
You bought much higher and you don't need the loss this year.Then a possible 3rd option. Two lawsuits have been filed since Thursday trying to block the sale, more are likely to follow. The deal
doesn't close until the second half. How about playing the news between now and then, since you're
prepared to take a loss of some sort, maybe you can minimize the amount of the loss. Just a guess
on my part, but these suits or additional suits could force ICE to increase the buyout price say to
$35 at some point during that time frame. The stock may also drop due to news like this as a knee
jerk reaction.Maybe there's more to gain by not waiting for the finished deal on this one, and play the
range that is possible. Just a thought.
thanks for those thoughts!
as for joining any lawsuit, if it could block the take-over, fine... but i don't think that will happen. otherwise, i've never joined a lawsuit regarding stocks, because i've gotten the impression, ONLY the lawyers make real money, while most holders get fifty bucks or so. (unless of course, one held 10,000 to 100,000 or more shares). so, i've never really gotten into joining these suits.
presently am inclined to simply try to go with my shares traded for ICE shares, in the hope that ICE will end up a solid company with a significant upturn. if that were to happen, that would truly reduce my losses in NYX. (if).... i also doubt that NYX, as it is a buy-up company, will any time soon pay any sort of dividend. contrary to an earlier post, i don't think ICE would even owe one more additional dividend payout to NYX share holders. so, it's a nice dividend play bailing on us. (as said, if ICE perks upward, then that would make up for the lost dividend)....
Good Luck to all. --- if any good news on the lawsuit(s), please advise.....