What the?
Like most of you, I am disappointed with all the news of possible takeover in the presses and such a large turnover of shares today, SPO actually went down by 4.4% for the day. So are we kidding ourselves that the shares are so undervalued that the market did not realise it but we do. If you look at today's trade, we would be better off selling SPO at a loss and buying A2M of AHF instead. So why is there a possible takeover of the company and the shares are still going down. Should we be always blaming shorters at work for the low price of SPO? If it is so simple, why aren't they also shorting A2M and AHF? Is there more to the decline of SPO that we do not know? Anyway, I hope I am wrong but the decline in prices today is starting to be of concern to me and most of us holding SPO shares.
SPO Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
