tyska Posted January 12, 2011 Share Posted January 12, 2011 This might be one of those questions that SharperDingaan has one of his formulas for, like with FBK. But probably more a question for Vegas odds makers. CLM just announced a takeover by Cliffs today at 17.25 a share. Then you have trading volume of 20% of the outstanding shares after the announcement all trading over that price. So what would the odds be that the price isn't moved up or another bidder comes in. Probably not a lot of profit taking on buying and selling the shares on the same day as the price sort of trended down through the day. Link to comment Share on other sites More sharing options...
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