Post by
slick0 on Oct 05, 2011 4:19pm
well.. it happened
I accidentally boought 1000 shares at $6.38 near the close today.
Also sold 20 nov $6 puts.
If exercised, net cost will be $5.65.
Next few days could be interesting.
I think the shorts are just pounding this one,
but they shouldn't go broke.
One would think, at some point,
Manulife will come in with some cash to aquire more equity.
JE did well after they made a statement yesterday.
slick
Comment by
Corrigan1 on Oct 05, 2011 10:08pm
One would think, at some point,Manulife will come in with some cash to aquire more equity.I've been wondering when that might happen. Sure Manulife is a very big company and has other fish to fry, but at these prices, increasing their stake should be a no brainer.
Comment by
lilswede on Oct 06, 2011 9:01am
Manulife won't be buying soon, (imo) they have to conserve the cash they have, and they do have a ton of it, but they need it safe in these crazy markets. Their own s/p is nothing to be proud of.