tag:blogger.com,1999:blog-2335748440449035592.post692217124667369599..comments2008-09-19T13:36:02.247-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2335748440449035592.post-51512372757488188042008-09-19T13:36:00.000-04:002008-09-19T13:36:00.000-04:00Ahhhh now the reason why its back up to $26.35.<BR/><BR/>*DJ EDF Preparing Counter Bid For Constellation Energy - Report <BR/>1:32 p.m. 09/19/2008 Provided by <BR/> <BR/> <BR/> (MORE TO FOLLOW) Dow Jones Newswires<BR/><BR/>09-19-08 1332ET<BR/><BR/>Copyright (c) 2008 Dow Jones &amp; Company, Inc.<BR/> <BR/>Knew I should of bought more at $22, shouldn&#39;t of took that 2 hr lunch :-)DrJhttp://www.blogger.com/profile/03896304023031476591noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-69765664509099172482008-09-19T11:45:00.000-04:002008-09-19T11:45:00.000-04:00This is probably a stupid question, but the current price of CEG is $22, the buyout is for $26.5. Meaning buy today for 20% gain... But, the stock is trading below that because everyone thinks the deal will not go through right? I would hope the deal would not go through and the stock would jump back up (the CEO assured us there is limited credit exposure), now the feds makes credit exposure good with all the banks rallying 30%. In addition, after ensuring investors everything is fine they take a low ball deal, does this mean there actually is something terribly wrong? Why would any stock holder agree to the deal, or management for that matter, if nothing was wrong? I bought at $27.36 so I am going to lose anyway but still, something’s not right....<BR/><BR/>Seems like a gamble (take Buffets word on the deal being completed take the easy 20%) or the deal falls through because CEG is truly in more trouble than they originally disclosed to Buffet. That case it tanks, or another company decides to bid a little higher because everything is good in CEG land.<BR/><BR/>Any thought guys? I am debating on doubling down and waiting for the buyout.DrJhttp://www.blogger.com/profile/03896304023031476591noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-48946122312813275852008-09-18T10:50:00.000-04:002008-09-18T10:50:00.000-04:00I'd like to be able to pull these tricks one day - short a stock down 60% on bullshit rumors, and then bully the board of chicken directors into selling me 100% of the shares at the stink price...<BR/><BR/>taking nothing away from WB... a masterfully executed screwjob.shaxmatisthttp://www.blogger.com/profile/07220757563758396222noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-82762811613879823562008-09-18T10:30:00.000-04:002008-09-18T10:30:00.000-04:00Shax, Buffet is doing what he does best - being a capitalist<BR/><BR/>Both,<BR/>I am glad you both did well :) you guys killed me on this trade. I don't have access to after hours either; I'd probably took off at least 25% just in case. Bah, damn market.<BR/><BR/>Just throw some of those proceeds into my fund :PTraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61112947909386387232008-09-18T09:49:00.000-04:002008-09-18T09:49:00.000-04:00Thanks for the tip on this stock. I bought it yesterday multiple times after I saw your posting with an average price of 26. I sold my shares yesterday when the price in the aftermarket hit 33.badrkhanhttp://www.blogger.com/profile/02634033509949856699noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-80792060585962504842008-09-18T09:48:00.000-04:002008-09-18T09:48:00.000-04:00The stock gets creamed 60% in 2 days and then gets bought out at the stink price? Hmm.. I wonder what dirty games have been played here... what are you doing Warren? :( <BR/><BR/>well I bought yesterday at 21 bucks so I picked up a few coins here, thanks for drawing my attention to it...shaxmatisthttp://www.blogger.com/profile/07220757563758396222noreply@blogger.com