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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST
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To: carranza2 who wrote (31052)3/16/2008 7:55:41 PM
From: Dr. Voodoo  Read Replies (1) of 217714
 
Shareholders still have to approve the deal. At 2 bucks, that isn't much more than zero, so once the lawyers get involved... Bear execs' better start looking for mattresses for the loot they took, and try removing those big red bullseyes from their backside ASAP.

I just don't see how this can be received as good news if the market was still pricing $30 on Friday.

EDIT: Futs trading off about 8 pts
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