Quoted from u
"rea is also a takeover target ,news corp might
make a takeover for remaining share rs .."
Long side hopes that REA became a takeover target
Short side hopes that news corp would offload
One of trading mistakes is hope
news corp paid $2 each REA share in 2005. news corp would push the button early when it was $5.........$10............$15.....
REA had a glory period, from IPO $0.50 in 2000 to roughly $52 in 2014
last 2 years, SP was flat, range $37 -$55
Charting like your view, formed shoulder - head -shoulder, very bearish pattern
REA Price at posting:
$49.36 Sentiment: Sell Disclosure: Held
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