Now the bears are really screwed. For awhile, they were free to roam around, selling short without worrying about premium takeovers.
However, all of a sudden, the “wheel barrow” dollar is encouraging foreign companies to take down U.S. assets.
As you know, recently, ATVI, CBH and GLYT have been bought out by foreign companies, much to the bears chagrin. Now, this morning, three more premium deals were announced. Plus, don’t forget the C deal.
ARXT is being bought out by Reckitt Benckiser. MOGN is being acquired by Eisai. And, PLTE is being swallowed whole by Evraz.
Look, most of you have the brain power of a small donkey. Therefore, explaining the intricacies of these deals is somewhat meaningless.
Just know, as of now, there is a bid underneath the market.
Great time to go “open field” on the bears—and light their heads aflame.If you enjoy the content at iBankCoin, please follow us on Twitter