Why? Because the profit-taking was very tepid on a Friday that was brutal for most stocks. Up almost 100%, one would have expected this stock to give up at least 20% of its gains. It stood its ground. There's no direction but up, and that's for a long, long time.
There is fear all over the land in the BBRY investing crowd, and that is now a very healthy time to stick one's neck out. I'm going deeply into BBRY, and I'll be sure to win.
I usually like to sit by the window. Please tell them I like a 1975 Beaujolais. My wife (is she invited?) like her own slighted cooled. Good luck.
The margin calls will set in by tomorrow. Usually 10:00 a.m., and unless something extraordinary happens, this stock will balloon to $100 tomorrow. Remember ICPT?
I dare say $118.
Given the nature of the market today, this is really intriguing. I don't like the "someone knows something" talk, but I want to believe it in this stock. The volume is out of this world relative to its usual volume, and the price action looks like it's managed/surpressed for premium.
Anyone on this board making statements of "fact" about the state of the takeover beyond what is in the news is a self-deceiver. The only reason I'm buying both the stock and its long-term calls is that someone had evaluated the company and found that it was worth $2b, for which ARIA refused to sell. My thinking then is that buying the stock at $7 to $7.5 makes great investment sense to me, since $2b would have been $12. I do not claim to know if some other suitor is at the corner, or if Baxalta is only bluffing to come back later with a higher offer.