GREY:ESPAF - Post by User
Comment by
newGuy01on Oct 19, 2015 2:06pm
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Post# 24205401
RE:RE:RE:RE:RE:RE:Luberon
RE:RE:RE:RE:RE:RE:Luberoninsightful thoughts barneyj. i hadn't thought about the resitance we'll have between here and $4.00. Did some quick math for anyone new to the story, looks like they did a pretty small discount for the pricing of the deal back in April. Somewhere between 3-4% if my math serves me correctly (assuming it was priced Thursday evening with a tight discount because they already had orders on the desk, and they could fill the book on a Friday? If anyone hass particulars on pricing/discount i'd be interested to know).
The point of my trivial math, I suspect once we get through $4.10/$4.12 we'll really be on our way but that'll likely be on the back of a big catalyst like an earnings announcement or announcement of major players. Either way, I'm happy to buy and wait. Company seems like its an inflection point. If things materialize as planned, they'll be a significant reraiting in the stock.
GLTA!