I have no position yet, but am not sure that it is through selling off...the big drop was on 20 million shares in two days, the last three we have recovered a fraction of the loss on only 15 million, keep in mind also we had a spectacular broad market rally. Makes me think in a week market this stock could dip some more. We know it is not going to soar to high - THE WHOLE WORLD KNOWS AN EQUITY OFFERING IS COMING!
I find it bullish that the bashers on this board have gone quiet. Due to the takeover rumors and UNM's oversold condition, I would think the smart shorts have already taken their huge profits. The stock should be able to go up to $9, before it runs into some heavy resistance. However, I think BAX may be a better play at this time with less risk!