GREY:FFLWF - Post by User
Comment by
Ducksoup000001on Dec 08, 2016 5:27pm
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Post# 25574266
RE:RE:RE:RE:RE:Deal will go through 100% - put the fear aside! Logic people
RE:RE:RE:RE:RE:Deal will go through 100% - put the fear aside! Logic peopleOkay, Retiredguy, got your thought. How you play this stock depends on how you perceive the fundamentals will flare in the long run and is your choice. We cannot debate how you spend your own money, and that I respect. Hope you too understand what I am critical about in my post - watch out for careless posters pumping relentlessly without solid back up and not guarding in case of the huge pullback that we are in.
For me, I took the money and run whenever the deal is typically share-for-share. So I am in a better position than some still holding the stock. To be honest, the magnitude of the drop in sp from over $8 caught me by surprise. On the other hand if It is so obvious that MT is a better buy than CGC as some posters express here then why it seems apparently MT shares are not being chased after as shown in the daily price action? May be those posts are from people having a bit heavy in their pipes.
Just my thought and my play. In the meantime I am in the process to make my next move in the pot stocks. Good luck all longs.
retiredcf wrote: Duck - Reread my posts. I didn't say to buy above $8, I stated that following the initial announcement, the SP was worth over $8 IAW the takeout offer. What I did say was that I thought the financing level would provide a floor for CGC at $10.60 which meant MT was worth $7.56 so any purchases below that price should work out.
Due to panicky investors, the $10.60 wall for CGC failed to hold for a couple of days but we're now back above it. Thus, barring any unpleasant shocks (eg. MT shareholders rejecting the deal), buying MT at these levels should be profitable in the long run. GLTA