Close for 55c is my guess. Unfortunately there's going to be a far greater number of people wanting to EXIT the market rather than ENTER, especially those who held FFX primarily for the LLL entitlement, only to see the markets head south since the 3rd. These people will be itching to jump ship completely because their investment has essentially been suspended like AVZ. BUT if we see the markets recover late this week and next week, I think LLL could fly. And 'fly' for me would be 65c+.
One thing for long term holders to remember is that this is going to be a very bumpy ride for the next 6-12 months most likely, but 3-5 years from now, all LLL and FFX holders will be FAR better off than June 3rd that's for sure.
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