You guys are assuming too much (3 Points to make)
Remember I am long but also realistic and fair.
Often when I write, people are confused if I am a short or not.
1) You guys are asuming that their is an offer on the table.
Where did you get that idea?
All we know is 1 or more companies are interested to see their books
and decide if they will make an offer or not.
There is NO offer on the table.
There may be 4 guys interested but 2 have walked out.
2) Also Roller said the market assumes their is not deal and we dropped only 10%.
Not true. Management said the deal is still on and we dropped and didn't recover!!!
Can you imagine what will happen if MT says there are no companies interested.
Stock will hit $25 again!!!
I can't risk that, sell CXR and get $45USD and move on.
3)
You guys said management handled it wrong today. THey should have had a news release BEFORE the leak of Blackstone and CG were out.
IMAGINE if they released that "CXR is still ongoing in their negotions"
and then 1 hour later, we get a release saying, Blackstone and CG are out, then
you would get a bigger exit than we had.
People would say, what happened in 1 hour!!!