Jon mentioned last week he was getting killed on naked WLT calls. All of a sudden on nothing more than a cancelled meeting it gets translated into a sure buy out rumor. He likely dumped in after hours during hte show last night to unwind his positions. Sure, he likely had a small play on his straddles to make sure he wasn't outright lying. The truth is that the company will likely miss, and he'll make money on his trade when the stock dumps. Everyone else is just flapping in the wind.
Naj is an old hand at his job. He did exactly what he is required to do when he speaks about a stock he stated his positions and said that he sold the stock and had some other bets on the stock but not ownership. Did everything that he could to avoid any takeover talk. Are you upset because you did not get in or because you did and are afraid that you are going to lose you backside? OR is it that you don't have enough money to get in? By the way the SEC in here is not the Southeastern Conference