Not over yet. I think the rally in oil made this more attractive than it should have been. So when you combined that with this basically extension it went back to where it was little over a week ago. I think bottom here and move upwards. Dilution is over for the next 90 days essentially as I am thinking majority of the 4M was exercised today
@braden_tewinkel@MattWilkins34 This morning was profit takers. Get ready for deal announcement. Options are the route I went today on the dip.
5/17 - $5C
4/17 - $2.5C
@Zerosumgame33 Thoughts on today? Dilution for sure with volume bars ok chop. Pre-disappointed that we’re in enough we’re at flat. We should’ve definitely had a good day today, especially with the market.
@Zerosumgame33 Not sure why anyone thought a deal would be announced todat. Extension was just announced on Thursday after hours. Meaning a deal woukd have had to been done on Friday as the released earnings Monday that was probably finalized Friday.
@Zerosumgame33 That was the $5 Price Target I mentioned earlier. You will also seee one from Johnson Rice for $4.75
Gonna be a good day tomorrow. I like $3.00-$4.00 after announcement on 7th as long as it is favorable. Cheers to us today though.