Institutional Capital to Flow into LEAP and Rally the Close
This is exactly what the money managers and analysts were hoping for, a panic sell by emotional retail individual investors on low volume so that they could come and sweep up those shares on the cheap as the stock makes a powerful recovery.
I'm hearing that discussions are heating up on a potential sale...maybe PCS but stronger indications are one of the Tier One telecom providers (VZ or T)...Will wait and see.
One would think at this point a buyout is not in the price and it will not go to 10 if they stand alone unless its because the company stinks. They company sucks and should not be bought out but others are paid high prices to be bought out. I have 120 shares and will not get crushed either way but am down almost 10% and will keep until 10$ or sale. I hope pcs does not do the buying because I just bought 280 of them shares. I feel better about PCS than LEAP but am uncomfortable about owning both because Telecom sucks right now. Maybe both will get bought out but I am not cashing any checks yet. LEAP seems to be in a lot more trouble than pcs but both came from way higher prices.