I can see that your discussion is solely based on your PPS cost basis since you were in at such a low price. But we all had the same opportunity to add and thereby profit from a different point didn't we? I'm not saying it didn't set us back 6-9 months but that is the time frame we are expecting "the" good news so it shouldn't matter in the long run. But you're right - JP Morgan is a POS and I didn't like the way the deal was brokered but I played the ball where it laid.
A tiny observation - when the SP was down and they had just issued the converitbles, Erck was made to look like Madoff's twin. Not long ago the bashers (and a few longs) were ready to lynch SE and highly questioned his strategy. My, my - how things have changed.
Sentiment: Strong Buy
Looks like the merger breakup is a win/win for them. The breakup fee and being unsaddled. Of course having a strong balance sheet doesn't hurt along with the posibility of a CNC merger. I'm finally back in since the JD will probably rule in the next month. Too much upside and very little downside.
There are many short comings on the short court - parden the pun. The brick and mortar banks are slowly disappearing according to a recent Yahoo article. The institutional ownership stands at 100.1% according to Scottrade and 80% here with a 41% short interest. Also inside ownership is at 9% of the 63M float of which 23M is short. So, with nearly 2m shares traded Friday (I like to round up) which is 2 x the normal 900k volume, who is shorting? The investment managers of course are toying with the SP as well as the highly coordinated shorts but one thing is for certain - it is rare to see this type of Tute coverage. I'm just here to see the 4th quarter but it WILL be good. JMO
Beegz - are the only one left here? I quit following after Romper room attendees took over.
Since you are so kind to share faves you might want to look at one I've had the pleasure of a nice run up with - FLXN. There appears to be room to run. Who knows - the Sgen run may finally have it's legs after waiting years for the sustained uptrend. I'm not the trader Fs is (not knocking it - just afraid to chase the end run).
Ah yes, 2 red thumbs for stating the truth? Must be some Ete boarder's in on the muster. So how's this red thumber's - when damages occur, the responsible party should pay. Someone run's a red light and t-bones your car or a doctor that takes out your appendix when your gall bladder is diseased etc. And who is to say SP damage is not way more than any divvy? Bottom line - they negotiated in bad faith. The merger won't go through, but certainly someone needs to be fined for reckless driving or XYZ oil will be wanting to buy Chevron.
One thing is for certain - it does present a clean cut case of bad faith bargaining.