Big Banc Split Corp T.BNK

Deal must be going to fail

[MrBigger]

only reason for day after day declines.

[ChupacabraBueno]

The 100 million(ish) shares that traded much lower in recent months could be reasons (for day after day declines) too. Why should someone who can lock in a 50% gain or better after a month or two wait a few more months to squeeze out the last 20% or so? The upside here is capped at around 20%. There are more profitable trades out there if you can find them - and people that bought BNK at the low

[IndeedMyFriend]

it's a deal at 1,80$! I increased my position in BNK. In my opinion, It's a done deal. But some prefer to sell right away with their win. I don't see it going any lower than 1,80$

[1condor]

The trading range will be 1.76 to 1.87 over the next month and then it will break the 1.87 later in May as we approach the takeover date. Buying below 1.80 is a great play on the arbitrage.