Well I'm sitting on 16,000 common shares at $5.14. If the rumors are true, the deal would be cash and stock worth approximately $15 per share. I'm not sure if I want to wait for the announcement because we could see a drop in STX shares on Tuesday. I'm thinking that if the short squeeze get this thing above $14, I may sell all pre-announcement so I don't have to deal with STX shares.
But I doubt it will get that high. But if it does, any other longs thinking about liquidation then also?
If you sell on Monday, prior to the alleged announcement after the close, you will likely be selling for seven or eight bucks. There will be no run up on the mere possibility of a buyout. The purported $14 value wouldn't come until Tuesday. Seagate shares have already run up on the strength of WDC earnings, so they will most likely drop somewhat post report.