Gee should I short now? Looks like the longs have made the money.
"So if MGI stays above 23.43, we get 3.75 in stock and cash.It's at 25 now so we are in good shape."Correct.If MGI goes down to 21.20 you would get $3.50, above the price GLFD is selling for now."Probably some are buying GLFD, shorting MGI to lock in difference"Yes, but you can not completely *lock* in the difference due to the changes in the number of shares you would receive based on the final share price.
So if MGI stays above 23.43, we get 3.75 in stock and cash.It's at 25 now so we are in good shape. Probably some are buying GLFD, shorting MGI to lock in difference
BIOPICKER always posts based on secretive INSIDE INFORMATION...Now that I know who the acquierer is I know who Biopicker is...Trust me he was accumulating...TC
4.5 MILLION SHORTS have to COVERYIKESStill $3.35MOGN could drop say 20%...Based on Technicals...15% CollarLeaves a 5% drop risk below the $2.65 portion of the $3.75 or .13 cents$3.62 per share...This is a product based BUYOUT.Downside risk is muted by the 15% collar...SHORTS will COVER through this LEVEL today...BUY NOW TC