02-25-2013, 08:08 AM
FWIW I think that some of you are making a big deal out of nothing with when the companies announcement will come. The board will meet when the bankers are ready to present. That is not in their control. Bottom line is bids are do this Thursday. After that the company needs to make their decision. It may take a week or two but it will be done.
At this point the upward pressure on the stock will come from speculation, current investors adding to their positions and news leaking out. Downward pressure should not be substantial as the shorts do not have the power at this point because of the buying pressure. Unless the deal is bad and that leaks out, which I highly doubt.
Personally I believe we drift up to 90-100 range over the next week. However, it is irrelevant as to where it will be then as the true investors (as opposed to speculators) will hold till the end or until they believe shareholder value is maximized.
At this point the upward pressure on the stock will come from speculation, current investors adding to their positions and news leaking out. Downward pressure should not be substantial as the shorts do not have the power at this point because of the buying pressure. Unless the deal is bad and that leaks out, which I highly doubt.
Personally I believe we drift up to 90-100 range over the next week. However, it is irrelevant as to where it will be then as the true investors (as opposed to speculators) will hold till the end or until they believe shareholder value is maximized.