Discussion in 'Trading' started by Daal, Mar 17, 2008.
bidding war coming?
No, just a suckers rally. $2 is done deal.
Looks like investors are trying to bid up $2 offer a little. Also remember BSC releases earnings after the close.
I think someone wants to bid on BSC, I know the deal is like 99.9% done but to see it up over 100% from its buyout price makes you think how that is possible, people on bloomberg were questioning that as well, if there is a bidding war this could be a positive for the market.
No, not anymore they arent, read today they are not announcing earnings.
ANyone buying this POS stock is a true gamblar.
Anyone who buy and hold the bag is the true gambler, but anyone who profit from this is the true opportunist. I saw this happened again and again..., over and over... Who say stock always reflect its fundamental? In the long run yes but 95% of it's time is that it's all about speculation and it's competely normal for Wall Street.
Forget the 95%, it's just a number, no important. Actually, we can say when the stock is trading in the sleep mode, moving side way, then it's really reflect its fundamental. And when it's became hot like this one it doesn't reflect its fundamental. It's just reflecting its speculative nature.
This is funny:
Now I got it. Price for BSC is not low. JPM is $2 stock too
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