RE:Thank goodness I sold half yesterdayYes hindsight is 20/20 but the move would have been to sell them all on the open market and if you really wanted to buy back in the next day once it predictably dropped.
I'm amazed so many shares did tender. I wonder who? Hopefully nobody who just bought thinking they'd play the arbitrage as that would have been a disaster once they get their tax bill.
It will be interesting to see if they do this SIB again. By all logical conclusions it shouldn't support or even influence where the stock trades, but that doesn't mean it won't as we have already seen it do so twice.