Robert, I understand your frustration. The initial months of a merger like this will try even the coolest of heads. I'm buying additional shares today that will put a smile on my face down the road. Don't mean to sound trite, but the market is an area that demands patience. If the basic concept is good, and this one is, those that hang in will be glad they did. Heydog is spot on. Good Luck! j.
That Merrill downgraded MU yesterday. I always do the opposite of what ML suggests. It's served me well for many years. I can pinpoint the date. The day Exxon was found guilty in the Exxon/Valdez case, my ML broker called. The punitive damages amount was equal to a single year's profit ($5B) at that time. He had sold my 4,200 shares of Exxon BEFORE asking me. Most, if not all brokers and analysts are less than honorable as a rule,IMO. Take radio's payola in the olden days as an example. No doubt there are those hard working honest ones...rare, but do exist. Needed to vent and how great to do so in this august group!:O) Happy Holidays to all and here's hoping brokers everywhere won't dislocate a shoulder as they "Churn-Churn-Churn".
I agree. It's so early on, let the cereal box settle. We still have an Office Max down the street and Office Max ads in the paper. This merger is in the very early stages and I wouldn't be surprised if profiteers didn't continue to use this as a "buy/sell, buy/sell, etc." vehicle for some time. In a year, as the transition appears in the rear view mirror, and the true competition with Staples begins, those in at the current price will be glad they let things run it's course.. and perhaps buy additional shares when ODP drops, IMO.