I didn't think EDF would come on so strong or so quick from the story I read yesterday. Nevertheless, I entered an order to sell 20% of my position last night at $27. When I checked this morning, it had been executed at $29.90. I subsequently sold another 20% for about $28.30, so my average sale price is abut $29.10. Now I have to figure out if I should sell the rest. I am guessing that we will not see $22 again, but we can hope.
Maybe should give up long-term value investing and just concentrate on merger arbitrage.