And what about those that got out of this train wreck at the $3.60. I escaped with a tiny loss and am happy. Those guys who bought in at sub $2 were lucky. That's it. Nothing to celebrate. The technicals were on the decline and if wasn't for the TPG offer they'd be sitting on a 50% loss.
The risk is that the next time something like this happens opportunists will jump in again, based on the BBG experience, only it won't turn out like today.
Beware ...
BBG Price at posting:
$2.09 Sentiment: Sell Disclosure: Not Held
