why this low open? merger failed, but they buy back 50 mio at 9.20$ next week... looks like an easy arb for the big guys... why is it trading at these levels... 7.50 $ , open below 7$ (ok it went up big since open but still?). probably because you can't be sure you are able to sell your shares at 9.20$ because it's only 50 mio? however that's 1/3 of free float almost... i went long on that one, and sold half of it. looking for >8.2 to sell rest