RE:That was really wierd
I agree it was weird. If you watch the first part they put up a chart where Ithaca comprises 5.8% of ABC Funds holdings. Very strange that he would be talking the stock down to $2.00. It was an idiotic comment. My interpretation was that he was saying the Fund may take some money off the table above $2.60, but if a takeover was to occur, it could be at a significant premium, i.e. the risk you take if you try to time the stock. As for me, been in it for years and don't have any intention of trying to time a take-over (assuming there is one on the horizon, otherwise I am quite content to hang on and see where the stock goes with Stella coming into production).