GREY:COLUF - Post by User
Post by
sweatmanon Jul 29, 2013 10:59am
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Post# 21636426
At the end of day....
At the end of day....
.....let us see who really is in and who is out. TD got the runt position so not too concerned about them. Right now the share price is churning and Goldman looks like it is robo trading itself right out of their position. The bids continue to be hit and the asks are sitting right there a penny away and they are growing.
A couple of pointers. One, the deal now has tarnish on it and is considered 'snake bit'. If you think hockey players are superstitious, check out the financial community. Two, there are some serious players who got snookered into this deal and they have (had?) power to impact a deal and drive in the buying. Those guys are hurting and do not like to hurt. But the trading price is the trading price and all of those sugar-plums of a $10.00 deal are rapidly being discarded. Three, all of the high-falutin promo failed miserably once it became more widely known that the deposit is under water and the water levels are NOT going down. So, let us see how all of this plays out. As I said earlier...CSI and all of the well-heeled players do not appreciate this much egg on their face....so we will be exposed to GREAT theater as the due date is one day closer.