boring, page-2

Marksman,given that you were going to great lengths to advise everyone to run for the hills at around the $2.20 mark, you must expect the response you got.
Any way here are my thoughts:
When the Sinopec deal was first announced, I thought somewhere above the $3.50 mark was fair value (assuming that it was binding), and would have exited above that level (my average entry cost was $2.02). When it only spiked to $2.60, I couldn't sell at that level, though naturally concerned that the market didn't react as I had expected (although AED has been a bad stock for a lot of traders, obviously). During April and early May, AED levelled out and I tightened my stop loss, and with the sudden run up on no announcement I have taken profits on half my holdings at $3.14 (largely for money management reasons).
So,I am sitting on the fence, I think that above $3.00, in the short term the risk/reward is about even,and neither a buy nor sell. I have tightened my protect profit level on my remaining holdings and won't hesitate if it is breached. One comment I would make is that like many other posters, I feel management doesn't go out of its way to keep us informed, and the charts are the best indication when things are going pear-shaped (but as a tech analyst, I would say that about any stock!)