It closed on days low, which is not a good sign. Looks like...

It closed on days low, which is not a good sign. Looks like profit booking will bring it back to low sevens. Once 8 cent is chewed, more sellers would become desperate to get out. Decent correction can be expected after such a rally. Why is it taking so much time to finalise the 12m unless the lender needs lot more cut than the mgmt is willing to share. Looks like negotiations will occur before any deal is finalised.