Reality is the share holders were #$%$ off that the company was going private.. now GS. Goldman Sucks is looking for a bargin.. so they trashed EBIX's credibility. it won't last long at this price agreed when dust settles and buy back swings into gear the PPS will reflect. IMHO
The MM's are trying to shake out weak hands so naked shorts can cover.. it's crazy.. don't let them get yours..
Thier letting thier buddies exit ot these prices and retail is going to get it hard in the end.. shorts lose control of stock by EOD.... tomorrow will be interesting.