Were you unable to find the New York Post article Monday that Meredith's new counter proposal may takes "a few weeks"? Google it.
Just do the opposite of this stooge and you will have the odds on your side!
The only shares that are tanking are your short shares! Provided, of course, if you actually have any money to even participate in the stock market. The answer to that is probably no!
I guess I was looking for a logical explanation while I disregarded the laziness of many people to actually read the details. Shaking my head!
What I can't understand is why there were a lot of shares sold this morning as low as $15.13. Who in their right mind would sell after reading this news? Seems to me, if anything, it's time to buy before the higher price that's surely to come.
I have 5100 shares at an average price of $14.82. I'm thinking about adding an additional 3,000 shares at this current $15.50 area. Do you think that is a good move?
Seems a little odd to have a $16 target with a price of $14.97 which is a 7% gain and call that neutral. Also, with the current takeover talks, etc., the share price could potentially rise to $17-18 or more.
They offered $17 in August and it was rejected. Surely, $14.50 wouldn't be accepted now. I've got 5,000 shares and I'm holding out for a much better deal. I'm with you on the $17+