I need to pay closer attention to my investments. I didn't know this offering was coming, it's obvious that it would be priced at a discount and knock the shares down 6-7%, I snoozed and missed the opportunity to sell ahead. This drop on the other hand is an opportunity I am not missing. I already have doubled up and looking for more.
I am wondering, are you sure it's wise to set your offers so low? You might end up missing out trying to save a couple bucks. I expect TAXI to go to the $10.7 offer price soon.
The offering was announced this week and hit the market within a couple of days so everybody got blindsided. I was kicking myself for selling last week in the $11.40 range when it later ran to the $11.80. Better to be lucky than smart.
Anyway when I saw the news pre-opening I placed about a dozen day orders ranging from $11.21 to $11.45. About half have filled and the rest are still open.
Finally, I agree the stock should recover to the $10.70 - $11.00 range in the near term.