RE:Re Lack of Merger Arbitrage tradingThank you expereo for the clarification. The old short and distort crew, they always have you looking the wrong way. Feel like I need to see a chiropractor for my neck with all pointing going on. The truth will set you free ;)
The way I see it the shorts probably have an average sell between 43-46 dollars a share. They started at about 57 dollars but huge volume in the 30's so probably closer to 44 than 46. Still large covering needs to happen and with the small amounts being covered daily this will go on for a while without news. They are gambling that no news till after Q1 which is probably a fair assessment. In the meantime expect them to hold this between 39-42 as they cover slowly and tell you every possible reason known to man why it's here other than the facts.
for the longs, we need to hold onto our shares and wait for either news or covering to finish to move the stock price up.
good night folks.