The thing that makes me wonder is the guy that came on here and bad mouthed us all and said Zell was waiting for an opportunity. At that time I knew Lehman was trying to keep Zell out Archstone. Then he disappears and then just days before Lehman was to take Archstone public Zell reaches out and buys the whole dang thing .
It's what we don't know that will GETCHA. I am holding on to my handful of shares and waiting for the merger.
"I am holding on to my handful of shares and waiting for the merger."
Me too. I don't know about a merger. But I figure the stock price will move up from here.
Sad that this thing has dropped so far and performed so poorly after reaching $1 on the eve of coming out of bk. Sig management raided the cookie jar but in doing so they also shot themselves in both feet because the millions of shares of stock they gave themselves (along with their unreal poor business judgment) knocked the price down to a quarter and still to this day I believe Sig management is upside down on their initial investment. When guys perform that poorly over the same period of time that the market itself is moving up 30%, they are pretty much a lost cause.
The one possibility here is that there is something big coming down the pike and these guys are already loaded to the hilt with shares so they and/or their friends are no longer loading up. Rather, they are just waiting for the news to break so they can become millionaires again. I put the probability at 10%.