RE: Am I missing somethingI am not surprised of the market reaction to the merger - We will see the share value increase as we get close to the deal, in the las few days IMO.
This is exactly what I experienced with CBU.v when JDO indicated they were acquiring Caribou - I loaded up in the .15 -.165 range and had to wait to the end to see the 40% appreciation as per JDO's trading value at the time.
People discount the risk and uncertainty...
I am playing this one again the same way...adding on weakness and will put them aside until close to the arrangement decision...I doubt we'll see SRG move up substantially until the end of 2nd ot 3rd week of October. In fact, people will get impatient and bail out, leaving cheap shares to the patient investor.
As far as Buf/u, with the current market and being in September/October timeframe, I don't really worry about downside risk.
All IMHO...
GLTA
MY1