+$1.30
Looks like we have a seller keeping us around 140. Once the selling is done, it could move higher, however, I'm not going to go up against someone with more money than me.
As bullish as I may be about a buyout of ICE, it doesn't mean I become a holder of the stock until the price becomes favorable. Experienced traders know that often times a stock can move much lower during the "rumor" period, and even with a buyout announcement, if you got in too early, the final offer price could be lower than what you initially paid. NMX is the perfect example. Many buyers were sucked in between 130-150 the entire "rumor" period over the last several months. The buyout value announced yesterday is $119, basically lower than anyone who bought on the hype, sealing in the losses.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment