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Best Buy Co., Inc. Message Board

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  • steffenhilgemann steffenhilgemann Nov 9, 2012 6:56 AM Flag

    What's with this preposterous premarket? Why isn't everyone selling on this news?!

    Say you're a pessimist and expect an $18 bid .. which is .. really pessimistic. That's 18% return in 30 days + closing time .. merger arb funds love this kind of situation. And so should you (if you're long). If you're short then .. well .. it's one hell of a risky bet you've got on.

 
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