This is DUMB.. No one understood (or still understands) what Sealy just did. They're stock didn't decline one red cent.. In fact, it INCREASED overnight because there are so many people buying ZZ without realizing they missed getting in on ZZ.RT... The stock is currently valued at $4.72 for shareholders of record as of Wednesday.. Now THAT'S INSANE!
If someone where inclined to, you could short this stock all the way to $1 because technically speaking, it should be there right now.. Sadly though, many will buy on Tuesday thinking they can get on the record without considering settlement and the bottom feeders will eat your lunch..