I wonder how significant those distributions will be. Also, does that only apply to shareholders who had the stock prior to the announcement? People don't seem too impressed by the news. It's been a gradual fade since shortly after opening today.
I'm guessing they probably wouldn't have an estimate ready yet. Afaik, they're currently in the process of doing the run-off. *Edit* Oh, you meant about whether or not it only applies to existing shareholders. I might do that.
This is not a guessing game. It is obvious that you are in over your head. Why do you want to be in a position where your expertise is nil, where any knowledge you gain will not counter the experience of people who specialize in these situations. Not that one day's action is significant but it is up 14%. Your short position is costing you 14% today.
Uh..no. Like I said, I shorted it after-hours yesterday during the spike. It's currently trading around 4% down from that price.
I would get my bacon OUT TODAY if it was me. If they decide to halt trading your bacon could get burn’t in the pan.
In honor of your sound decision, I'm going to watch Netflix this evening while enjoying a bowl of popcorn drenched in bacon fat. MMMMM!!!!
Concurred with zdreg. If unsure what to do in such a precarious situation, with so many unknowns, take the profit and rest easy. You did the right thing.