GREY:WFREF - Post by User
Post by
uogradon May 16, 2016 9:54am
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Post# 24876393
took some off the table this morning
took some off the table this morning
I just don't like the way this is playing out. I think even if the news this afternoon is positive the stock is only going to back to .49 so taking some off the table at .46 is likely leaving 3 potential cents on the table as opposed to having this thing go to zero. I can always buy back.
It would boggle my mind if Investment Canada does not let this go through but it sure is taking a long time and with CCAA the only option if the answer is NO, I feel much more comfortable with the Banker's deal closing which presents the same amount of arbitrage play.
Anyways profit here was awesome so sometimes it is prudent to leave a little on the table when the downside is so brutal.