GREY:NOVUF - Post by User
Post by
ardvark11on Dec 18, 2012 9:54am
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Post# 20744650
Technical Analysis for offers
Technical Analysis for offers there are 2 technical levels that NVS has using fibinocci: one is 1.45 which is the past high and the other is around 1.90. The 1.45 matches well with the companies NPV of 1.64 minus debt so I would wager that it goes to 1.45 early next year. If there are 2 companies in a bidding war, the price will go up to 1.90. My strategy will be to hold a month past the first offer to see if a bidding war starts. The first offer would be locked in.