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Non-Tech : Emcore Corporation (EMKR)
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To: bob zagorin who wrote (477)4/10/2008 11:12:34 AM
From: Hawkmoon  Read Replies (1) of 640
 
I understand.. it's a difficult stock to trade at this point.. But I think we're looking for at least an $8/close by EOD..

One of the reasons I think that this deal was for so few shares is because it was likely in the works, and already priced at approx $12/share last month.. So Citron's bear raid ocurred after the terms had already been finalized..

But then INTC management probably had to do a review on EMKR's books to make sure they should continued with the deal or pay the penalty normally associated with such a purchase when the seller reneges..

But agreeing to go through with this deal is a confirmation that INTC believes EMKR's stock is worth $12/share.. And if I were short, I'd be scared..

So be nimble.. I think this stock is going back to $12 and probably back to retest the recent highs.. :0)

Hawk
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