To all, but especially old Baybies:
In a more forgiving alternate universe, the NT/Bay merger vote would have been at the end of Sept, not August. At current prices(eg, no premium vs announcement date in June), the deal gets cancelled or rejected, ala TLAB/CIEN. In this scenario, however, Bay does not fall like CIEN, but rises due to renewed hope/speculation that LU will buy Bay. What a difference a few weeks can make.
We have now lost 18% since the merger closed, 25% since the close just last Tuesday, and 34% since the high after earnings were released in July. I get any more of these "buying opportunities", I will go broke. I bought more today at $42; feel stupider than hell. The name is NT, the fault is NT, but the action is Bay.
Paul |
