There was resistance but not exactly at $2.50. Yes we still have a long way to go. Check the Pro Forma data and let us know what you think. It looks very good to me.
paritak, good buy at $1.41. CHOP has to report by the end of April. The merger/buyout is only speculation on my part and I have been thinking in these terms for over a year now. I had a post several days ago where I list the possible reasons for the spike.
Nice one to watch josaar and a good buy if you are willing to take the risk. I got my shares cheap but I think it is still very cheap if a deal develops.
It depends what type of merger/buyout is implemented. If its for cash, you will get the amount deposited in your broker account at a specified time. The same happens if it involves share exchange. Don't worry about the mechanics of this deal unless you need the cash soon which will not be the case. Instead, worry about whether I am right in my speculation about the reason for the spike :)
Unless there is a good deal for Greece, personally I like to see Greece exit the EU. No country should tolerate losing its sovereignty to financiers. But since I got lots of money tied in NBG, I like to see some type of a mutually agreeable deal concluded. This will also prove that Tsipras is a great leader in representing the Greeks and set an example for other people to hold their leaders accountable for betraying their country by selling their independence and sovereignty.
If it was to sink it would have by now. These pullbacks and scars have been happening since the spike began and is normal attempt to take out the retail traders. The critical issue is that this stock has been trading with historic volume along with a spike and it is now a fact that it is not a pump and dump. We may close in red today but that is only because the news is not coming out as soon as I had expected and things will be set up for upward trading next week. In such a case the buyout price, if that is the reason for the spike which I suspect, may be much higher. I have suggested $6.00 to $8.00 with as high as $12.00 to $14.00. These figures have to be raised if we get no news and the spike continues next week.
country, this news was not so much related the PME problem though the Task Force may be to seek a way out which could also affect PME. At this time they are maintaining the price which is a good sign though since I reduced my position significantly I like to see a big drop in price so I can buy back some cheap shares.
But Chief Detective Egghead could still take it down to 50 cents. He has been trying for past 5 years and won't give up that easily.
This baby could pay off big like when I first accumulated over 100K in $0.80s. That was a sweet trip which I hope I can repeat.
It is so obvious that they are in full control and as I said when it was in $1.50s, they have no other alternative but to raise the price. That is their One and Only alternative even if there is no NG. That is their One and Only alternative without taking heavy losses.