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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Paul Senior who wrote (73720)10/23/2006 12:48:28 PM
From: Dennis Roth  Read Replies (1) of 206161
 
>> Perhaps there's an expectation of a higher offer somewhere. <<

Perhaps, but remember oil sands plays are a favorite short of the oil bears. More than a few were caught with their pants down and their stop loss orders tripped by the announcement. I've seen stocks jump over the offer price for the first two or three days after the announcement before as shorts cover. Sold my SCUAF this morning. Decided to take the money and run rather than hope that they might sweeten the offer higher than the C$42+ it was going for this morning.
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