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Blyth, Inc. Message Board

  • neodinium1978 neodinium1978 Oct 31, 2013 11:51 AM Flag

    Faded 75% of the move

    Bth is almost trading back to the price it was before the bid. Its trading $3 below the bid price. I find all of this to be incredible. I know with the legal investigations it dramatically lowers the probability of this deal being completed but it also RAISES the possibility of a higher bid. That is what is so vexing to me. The shorts should be afraid of a higher bid but they are not.

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    • The investigations don't decrease the chance of the deal going through. Have you read any of them? One states that the company is worth $40 because an ANALYST say so!?! IMHO, there is a group of hedge funds on the short side that paid for these bs investigations to scare day traders out, they'll be covering very shortly.

    • no it's because they know a deal takes a while to complete, so they took this time to crush any potential run up, so they can slowly cover later. you should see the stock recover.

 
BTH
7.60-0.07(-0.91%)Mar 27 4:02 PMEDT