PPS will soar on the rumor alone. We will see great volume today as markets rally on debt deal. I will be adding another 5000 shares at these levels at opening bell.
As for Microsoft, I'm limited in what I can say as I know some details that can't be made public, but I can reveal that Microsoft has been in discussions recently with Limelight about possibly licensing a newer version of the technology that Microsoft licensed from Limelight many years ago. And based on some other stuff Microsoft is working on, it might just make more sense for them to spend the money to acquire Limelight if they are going to have to pay for a license any way.
http://blog.streamingmedia.com/the_business_of_online_vi/2011/08/limelight-networks-expected-to-be-acquired-or-raise-new-round-of-funding.html
I'm basically just reposting with a new heading to bump & draw attention to this article:
http://blog.streamingmedia.com/the_business_of_online_vi/
What sageinvest7 posted below is a quote from the above link.
This is very current and worth noting.
"As for Microsoft, I'm limited in what I can say as I know some details that can't be made public, but I can reveal that Microsoft has been in discussions recently with Limelight about possibly licensing a newer version of the technology that Microsoft licensed from Limelight many years ago. And based on some other stuff Microsoft is working on, it might just make more sense for them to spend the money to acquire Limelight if they are going to have to pay for a license any way."
I have 4k shares and as much as I would like to belieive all this buyout chatter a .08 rise in the share price does not jive with the chatter.
"doesn't jive with the chatter"
Exactly. It's not supposed to. It's all a psychological play to create doubt until the rumor circulates on CNBC and you're left behind
Unusual option activity before a buyout, without any public disclosure from the company, implies illegal insider trading doesnt it? So are you saying before every buyout that you have looked at in your 34 years of trading, that you have noticed unusual options activity, and therefore illegal insider trading?
Not necassarily. Although I do agree that higher call option activity does coorelate with an increased probability of a buyout, the price of LLNW's shares are so low, that speculators on the street may just use the stock itself, instead of the call option, to speculate on the buyout. At $4+/share, buying the stock is similar to a zero call option, without having to pay the premium for time value, and the large bid/ask spread (percentage-wise) in the options. Volume was 2X average today in the stock, which may be the indication that is important.
neither the call nor the put volume, nor the combination of both, suggest any unusual activity. If there was anything going on it should be reflected in the volume of contracts. Period.
The volume in the options does not suggest anything even remotely resembling unusual activity, so no need to quote the definitiions to me -- especially since I've been a trader for 34 years.
Check out the paltry, almost non-existent options trading today. Still think the buyout rumors have validity? I don't think so, but that's jmho. GLTA
wouldn't you say that the lack of options activity in view of the article hyping a buyout suggests that the street and others aren't buying into the hype? That's what should be striking and at least raise a question about the validity of the assertion?
should be an interesting week!,,good luck to all longs!
The Takeover chatter resurfaced last week. Has it resurfaced again? If so where?
Of course not. If I knew LLNW was selling I would wait until the absolute last minute to flood the market with my millions. Lack of patients wear people down. This is all a psychological game.