RE:And another new all time low! I sold my position in the 90's when it became clear that the RTO was a bust. My fault for betting on an arbitrage opportunity so I took my loss which was over 20%.
Same advice I gave out previously still applies. Deals can take a long time to close. I lived through years of waiting with CXXI but their management team delivered at the end of day. Strong positive cash flows and delivered their first Q of positive EPS which is impressive for this sector where companies are bleeding. Now just waiting for SP to run on this one. so sell if you don't believe in the management because it could be a long long wait even if everything they say is true.