Follow on offering at 8.52. 99% x 8.52 = 8.4348. Buying a follow-on at more than 1% under the offer price = easy flip opp.
But hold your nose!!
Agree. The sell order is already in. Gimmee a grand for the Christmas fund and I'm out.
Both my flip buys this morning are among the few exceptions to my rule of buying to flip only that which I am willing to hold on fundamentals.
Nevertheless, the knee-jerks on the offerings were too deep to resist.