The sale needs to be a done deal and the management needs to become stable. I believe that if Austrian stays on as boss over the combined company, things will not go too well. They need to look outside the company for someone proven to be a good leader and someone that both companies can respect. Austrian is not that person.
I am not saying that he is was not a good business man in the past, but we need someone who can lead the company into the future and not leave us dangling at the end of a string wondering what in hell is going on. With the combination of the two companies, some young brilliant go getter out there might become interested enough to see if he can put a beating on Staples.
And yes, that is the first thing they need to think about "How can we be Staples". Stranger things have happened.
My suggestion would be to put in a sell order at $6 so that when it pops again, you will have gotten rid of it and record a loss. As usual with a pop, it will go back down. When it does, you can buy back in and grab more shares and not have anymore money tied up in it that you started out with.
If we had done that on this last $6 pop, we would have 50% more shares right now and a much lower share cost. Unfortunately, I never seem to remember to put that frigging sell order in. I suppose I need to go ahead and do it. I suppose I am one of the odd few on here that believes that this company will survive. Who knows" Somewhere way way down the road, we could be looking at $15.