yeah, people are real stupid until there is a buyout, then they aren't so stupid. Do the math, and look at what they are in need of. It's more than just a little plausible. And the recent bear raid on the stock only makes it smell even more. I hold no position but at this price, I'll be picking some up regardless if they get bought out. Not to mention, any short with any good sense would take their money and be happy to get out with some profits right now vs. roll the dice that they WON'T be bought out, imo. Then again, a lot of shorts think they know everything and don't seem to mind the idea of getting burnt big.
I used to read the ETFC Message Board because I was trading in and out and the longs wrote almost on a daily basis about being taken over. Please people don't pin your hopes on a takeover. Look at etrade now after more than a year of takeover speculation It's down from 2.30 a share (adjsuted for the reverse split) to 1.11 a share