G'day all - James, thanks for the heads up. I went there and saw 2 main subtopics, namely Options and Mario Gabelli/INTV. On the Options front, I am not at all surprised if someone who have been shorting the stock may buy Options to protect oneself. And since Gabelli is a deep value investor, his taking a position is not surprising either. However, dragging INTV into the thick of things is questionable. Also, not sure Gabelli is into complete buyout, although it is a possibility, since now his asset management company is publicly traded, like Mr Buffet's.
But you and I have been in Brite for so long, at least I won't get excited until it breaks the $12 resistance for good, which is entirely doable.
best, Bosco |
