roger,
Well it looks as if I was WRONG on the mkt correction for this month, but right on the near term pricing pressure on CHKPF.
Since I only bought about 200 share at 43 3/8 I'm still sanguine. I don't like this merger deal because it's showing a co potentially losing focus and taking advantage of what they perceive to be a high price for there stock.
The mergers of late, generally, are of the stock financed, or stock swap deals, typical of mkt tops, so maybe the mkt will correct in May.
For the last two month I've felt the mkt has been ripe for a major correction, but it has not materialized, que sera sera.
Anyway, if the mkt dips, or CHKPF drops a bit further, it should be a nice buying opportunity given the earnings I'm anticipating.
As an aside, AMD is looking more and more attractive. The thread on AMD is pretty light on analysis, so I'm on my own.
So, good luck! |
