think my figures might be a little off, but PSIX about 5 days ago, I think monday ended up 1/2, then next day up 7/16, then next day up 3/16, then yesterday up 3/4, now it is up 3/8 past $12.
Fundamentally only attributable reason was the 300 million offering next week, and then the possible buyout of accent(?).
Volume has been huge, option volume huge. I really am convinced that PSIX is not looking for their suitor just yet, I am sure it will come down the road, maybe even next year, but I can't attribute all of this weeks action to that. So it leaves me wondering, are they just pumping the price up for the 144, or for some other type of offering? Is it just that PSIX is so undervalued that everyone is jumping in now at its new 52 week highs? Does someone know of some exciting announcements coming our way before these out of the money calls expire? I am happy of course with the moves, but I'm sure we are all wondering why and of course the key question is when to take profits. I know everyone must make that decision for themselves, but with these kinda moves, if we end up in the black today, I am feeling very confident of perhaps better move next week.
cheerio to you PSIX longs,
cg |
