Not under $33 in a blink but definitely in the high $30's quick if no deal is confirmed. Speculators will still be around to keep it above that pre-market low from yesterday.
Tough call at this point looks like $5-$10 upside or eventually near $10 ormore downside probably why it's in the middle now. Today's noon time move appears to be a lunchtime/Friday based short-covering for now I see now news. The HFT's can spark a rally like this knowing there are nervous shorts in the shares. I still think this closes with a $43 handle today. If that happens you may not see another spike like this unless there is real news.
Don't worry this will knock down near 10% of....it just kidding. 220 million shares traded by 1pm....WOW!
You may see a near flat close today it's the weekend people wonder about news on Monday but if there is no news each day I believe it grinds lower like it did last time after the initial announcement.
Based on what Cramer said yesterday a couple of times who actually does move this stock I believe his hedgie friends are short now and this may go lower. It may need some consolidation considering the revenue number the other day and the recent move from the $7's. I nibbled near yesterday's lows so I am hoping for a move to the $8.50 area so I can get out and get back in lower in the near future. Short term possibly lower long term with their recent purchase I think they will do well. Just my take for now good luck!
He did he is now down playing the shares which means he already tipped off his hedge fund brothers who were shorting near $9. I've seen him flip overnight on stocks like this case.
Read the news story if you have it. It has an analyst who stated that there would have to be a lot of explaining by management as to why they passed on the deal considering the recent range of ALTR's shares. Who knows it may still get done eventually but if INTC does approach someone else (they did talk about BRCM being a better fit)I guess we would see a similar reaction like we had before today's open. The trading in ALTR will get interesting if nothing happens for awhile. I don't know if it matters but intra-day the shares to short were no longer available through my broker. I guess this could go either way at this point.
He's been singing about RAD a lot recently so when the stock pops to $9 he suddenly becomes a basher and do you know why....he has already tipped off his hedge fund brothers near that high that he would start talking the stock down. He is very good at this and the WS crowd is really his family not his viewers.
Maybe it's just time for the shares to move along with the possible sector consolidation floating around.