I've been thinking.
Liablity for not disclosing the merger would not have occured if they innocently "forgot" (i.e., megligent) to disclose the deal...and who would complain, right?? But since David Faber annouced it, they would have to delay it because they can no longer really plead such an innocent mistake (if people were talking about the ommission before the deal had even been announced). Just some thoughts...
I do not see me getting back in...it is tempting, the risk is very high. Likly course of events is that the excitment dies offwhen no deal is announced and the stock suddenly drops...I have parked substantial money in INTCW which I feel exceptionally confident in...this would require more attention...and some serious luck at this point.
But no denying it..the stock creeps up...I think the thing to be careful of is the feeling I think we all have...we WANT to believe it is true..the rumor, that is, we really want to because of the potential reward and desire to "get our money back..."...if you do not think this is real, go look at the Bre-X holders...man, there were people in there who were holding until that official report claiming that gold HAD to be there...CNBC even reported a person e-mailed and asked where they are HIDING the gold...I think we are in a similar (albeit not as bad) mindset...we really would love this to happen...the problem is, there is a lot of "confirmation" of our beliefs...that is, there are outside elements that tend to confirm the possible sale (e.g., news stories, volume, stock price)...but, if you look objectively, there is a lot of negative info (e.g., news reports, lack of disclosure, denials by all companies (NOT just "co comments" now!), and the fact that the rumor was promulgated in a "tip sheet" that was faxed around the street...this last one is especially ominous...I would be less skeptical of a word-of-mouth tip) |
