I have been told by a somewhat reliable source that this company will be sold next week. My source has given me a few other leads that I never followed, but to my surprise they came true. For instance, a week ago, he accurately predicted the sudden rise. He is very sure there will be big news if not by Wednesday, before the end of the week. I am short this stock, but I may have to cover on Monday. If things go the way he sees it, the stock will hit $50.00 and a sell of the company will be announced Wednesday if nothing breaks in negotiations.
Personally I see this stock going back to where it was, (about $5 -$7.00), but considering how accurate my source has been in the past about this company, I will reluctantly cover on Monday.
My advice is to watch the volume between now and Wednesday and if nothing happens, cut your loses and move on.
please, don't ask for the source of my info. All I can say is that he's in Atlanta where this company is based.
Good luck
ben
Disclosure. Short, but will cover and short again if no news by Thursday morning. |
