LOL, this is another Yahoo rejecting a much more than fair take over bid, and we know what happened, the greedy shareholders will all be pissed off 6 months from now when POT is trading at $90 suing POT management because they were not given the opportunity to vote on the bid as required by law. Think I'll buy puts on this, gooduck!
Potash Corp. rejects $130-share bid from BHP
- Thread starter ttowntrader
- Start date
I hope your posts stay on this forum so we can all laugh about them in the future. I can tell you know absolutely nothing about POT at all, and the idea that you want to buy Puts on this is ridiculous. Good luck with that premium.
Ok, so you think shareholders of POT are idiots, would that be the ones that bought for $90 Cdn and can now sell for $150 Cdn ? Or would that be the ones who bought at the top of market at $240 Cdn who you say should bail at $150 just when they have some hope of recouping more of their investment ?. Or do you mean the long term investors in POT that made an immense profit on their investment ?
Please give us even one financial indicator that POT is a bad investment at current day prices, remembering that they exist in a GROWTH industry with OLIGOPOLY characteristics.
That's not very nice.
Sounds like a good time to short POT
Shorting this is easy money, no deal will happen and shareholders will keep selling but wont go below 130 for a few months while the offer is on the table.
Ok its $150.20 US a share we'll note your short call and see how you do. At what price will you cover your short ?
I see it as too early to short, maybe in a couple of months. But I will post this trade for now: Buy POT Jan 2011 145.00 put @ $6.45
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