Virginia, you are correct about the law of efficient markets. Look at Edgeco & Spectragreen's Yahoo posts. Interesting they both use the exact same terminology to criticize everyone and are trying hard to convice everyone they are right. I would be curious why this person/people bought POM in the first place and are still here trying to convince everyone how smart he/they are AFTER selling it! Take the logic with a grain of salt.
Again, you exaggerate. POM is down 16.5%, not 21%, even after another legendary losing day for the market. You COULD have done a lot of things. You COULD have sold POM at $27.25, bought back at 22, held out for the dividends, merger, and gain. We know you didn't because you were determined to make more than 1% in a month. I can't understand why you bought POM in the first place with so much knowledge about safe, much higher paying dividend stocks.
BGE-PB is very thinly traded and has very little market cap. It has dropped a couple of points overnight on more than one occasion. POM is a better bet than BGE-PB even if the merger doesn't go through.
DC gets nothing by rejecting the proposal. This is possible. They however gain concessions by approving it. That's why the stock had been consistently trading around merger price. Part of the decline today can be attributed to yesterday's panic selling, so there is more confidence there than the price reflects.
Never used the word, "guaranteed". There is always doubt with any investment, but the merger is still pending with a solid plan and everyone on board except the very small DC PSC, and the dividends are still flowing. I guess your are still holding your puts for that 33% drop you calculated?
You "guaranteed" that everyone but the mentally challenged could re-invest the money and make more than 1% in a month. How's that working for you? Maybe you should buy back in with what you have left?
Concessions have been made with the local DC groups who all agreed with the merger even though the DC PSC wants more. Looks like merger will be delayed a couple of months or more, so more dividend for those who held on. Good thing for the people who listened to you last week and moved their money to a solid high-yield investment before yesterday's crash.
I will study what you have told us and hope that someday I can be as refined and sophisticated as you. Them other people on this board might not be having such a good lesson.
It's a done deal which is why it's trading at merger price daily. Glad to know though that there is someone who can consider 1% in 3 weeks tiny and can make multiples of it regularly in turbulent times risk free.
33% downside? Maybe you're not mentally challenged after all. You just can't read or add. Everyone but you must be mentally challenged. You should take advantage now and sell all of your shares.
Keep it for 3 more weeks and you get paid 1% with no risk during a volatile market. The mentally challenged might end up with more money than you.
I was told it was supposed to be 1st week of July but probably was delayed until 2nd week of July. Also heard POM shares would be converted to cash, with no option to receive stock shares and that the dividend would be suspended before the merger.