Hudson's Bay Co. T.HBC

Planned BID based on technicals

[88guy88]

Obviously they had a plan in place for a long time and waited for the technicals to do what they do and as I predicted once it went below $7 it would go to $6.80 and then $6.50...I never thought it would get to $6.22 and when it did I bought at $6.25

Once they saw the flush out bid they came out with their "BIG" 45% increase offer.....but that is based on a deeply discounted trading price that was beaten down badly

They rationalize it by saying $9.45 was what Ontario Pension accepted on their sale of their shares but they know its worth alot more

$9.45 is the stink bid....the independent committee and lawyers will come to agreement on what they true value is and then will have to see what Baker gang counter at......good luck