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The report I read said "advanced talks" so this is a high probability deal. I would not sell any in the early morning. Let the news spread and the stock adjust. Then the arbitrageurs will do their work and bring it to buyout price minus time value.TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Would you hold off and see if it moves up closer to the $8.54 or sell at the $6ish??
Short interest as of 9/28 was 88 Million, but they may be out in pre-market??
My feel, since the offer is there, the price should NOT go down??? I sure would appriciate opinions!!
Thanks in advance for your opinions..
Joe
Thanks, my feelings also. This is my first ever buyout stock..Out of Bounds wrote:The report I read said "advanced talks" so this is a high probability deal. I would not sell any in the early morning. Let the news spread and the stock adjust. Then the arbitrageurs will do their work and bring it to buyout price minus time value.TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Would you hold off and see if it moves up closer to the $8.54 or sell at the $6ish??
Short interest as of 9/28 was 88 Million, but they may be out in pre-market??
My feel, since the offer is there, the price should NOT go down??? I sure would appriciate opinions!!
Thanks in advance for your opinions..
Joe
TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Would you hold off and see if it moves up closer to the $8.54 or sell at the $6ish??
Short interest as of 9/28 was 88 Million, but they may be out in pre-market??
My feel, since the offer is there, the price should NOT go down??? I sure would appriciate opinions!!
Thanks in advance for your opinions..
Joe
TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Would you hold off and see if it moves up closer to the $8.54 or sell at the $6ish??
Short interest as of 9/28 was 88 Million, but they may be out in pre-market??
My feel, since the offer is there, the price should NOT go down??? I sure would appriciate opinions!!
Thanks in advance for your opinions..
Joe
It's a great feeling. Congrats.TraderJoe wrote: Thanks, my feelings also. This is my first ever buyout stock..
uempel wrote:Joe, if your stake is an important part of your portfolio and the amount is vital to you - you might want to sell, or sell half the position. If the stake is immaterial to you I'd wait and see.TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Would you hold off and see if it moves up closer to the $8.54 or sell at the $6ish??
Short interest as of 9/28 was 88 Million, but they may be out in pre-market??
My feel, since the offer is there, the price should NOT go down??? I sure would appriciate opinions!!
Thanks in advance for your opinions..
Joe
Not sure how long it will last but there sure will be a nice bounce (unless I'm very, very mistaken )Petsamo wrote:Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.
Wow. Kudo's! Maybe wait until the market has exhausted this pre-election rebound and take profit leaving only "house" money left and roll over if price maintains. Same problem here, I have 600 VRNG warrants 60% up, and waiting to break the pivot. In S 500 shares this am @ 5.69, but because of a possible debt refinance now and strong brand/ bandwith property, will let it ride into next year. So, depending on your level of pain if things sour, take some of that bird in the hand. Anyways, good luck.TraderJoe wrote:Good Morning,
I would like the opinion of the 'Board Masters' on this;
I own 50 well in the money Oct. call options on 'S' Sprint.
Today, Softbank offered to buy controling interest (assuming 51%) for 12.81 Billion valuing the stock at 25.62 Billion (per one source).
With 3 Billion shares outstanding, that is $8.54 per share.
In pre-market I saw a high if $6.11 and I saw four 500,000 share purchases around $6 (Either cover shorts or big boys loading up?) and quite a few buy & sell of 250,000 Shares.
Thanks in advance for your opinions..
Joe
im looking to short 1448 possible down to yesterdays low, concerned because we have only done 3 waves down we will see at 0.618 retrace. ftse already broke to the upside.Petsamo wrote:Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.
Cobra wrote:the open.