Let me get this straight; you're comfortable with a short position when the issue is going up.
ON NEWS OF VC's POSSIBLY TAKING THE COMPANY PRIVATE!
You must be the only person in the market who enjoys losing money.
Quick tip; please short GMCR!!!
By the way; I went long SPLS a few weeks ago & sold puts right after the purchase.
I'll bet I'm making more money than you're losing...
there will not be any VC take over of SPLS...why is this so hard for you guys to understand.....RETAIL office products is DEAD...whether own by VC or share holders....the business model is THROUGH....they have hundreds upon hundreds of store to close or down size.....OMX. ODP and SPLS stores are the show rooms for Amazon and other internet retailers.......3-5 years from now OMX, ODP and SPLS will be 90 internet, B2B business