i have traded mbly before and looking to get back in. hate to get in after this run. interested in thoughts on a good pullback entry point. thinking around 42, but not sure if we will see that. depends on earnings.
This is just typical market panic. this decision will help the company. If they were so concerned then they would of just accepted a low ball offer. This tells me they value the company and the outlook. this stock has climbed over the last two weeks during an incline in oil prices. this correction is needed and as oil improves the stock will improve. this could only strengthen the possibility of a better offer in the future.