Adam... if we continue your math: with an overall $200,000,000 profit for Pixar, would that make, then, about 4$ profit/share for ABL and for Pixar? (200,000,000/45,000,000 shares floating)??? Or is it oversimplification?
Today's price action is very constructive for PIXR (IMHO... no big drop, organized buying...). Don't be surprised if there is an attempt to suddenly drop the price at the close... so as to discourage buyers tomorrow and let whoever does it, buy cheaper shares tomorrow. That can be done. It is legal. Easy to do by giving a series of market sell orders or limit orders at the bid, 1-2 minutes before close today...
If, on the contrary, we close at the high, then that would mean that there is some significant buying power behind this stock and that some shorts are deciding to cover. Just a guess. |
