what have i missed?
songw, you have missed the most fundamental yet critical element, discount of PLUG intrinsic value in MKTY's share price. MKTY's core business is worth about $3. If you witnessed and/or played previous duals, it would become clear. Examples: MALL/UBID, DBCC/MKTW, DLIA/TURF, ZD/ZDZ, IDTC/NTOP, BRKT/ISPD, KLOC/SRCH, BKS/BNBN and NAVR/NETR (just last week). I might have left out a few others. I was in every single one of them, and history keeps repeating itself.
BTW, one just surfaced today: MMWW/XPDR. Unlike MKTY/PLUG, MMWW shareholders will receive shares of XPDR tax free (1.2 shares per MMWW share). I'm long MMWW today but will switch to short after the expected run.
Regards,
Tom |
