Not enough volume for capitulation. CNBC is reporting that BSC will not exist as a stand alone company. JPM buyout, other buyout, or unwind.
Online Traffic Formula
· 1 year ago
Options Strategery, CNBC may have reported that, but how are you so sure that it will not exist as a stand alone company. Pehaps those could be rumors too?
Jorge
· 1 year ago
OS / OTF,
Toward the end of the day, CNBC did report that BSC's being shopped around. Now I could be mistaken, but BSC did hold a conference call Friday and in the call while they didn't specify being sold, they did mention that other alternatives were in the works.
Wall Street Journal's even predicting a potential sale is either in the works or necessary for BSC's survival (I know, WSJ is owned by Fox). You're right though OS. Not enough volume. But man if you were in those cheap puts even during the first 5 minutes of trading you made an absolute killing.
All Comments
Toward the end of the day, CNBC did report that BSC's being shopped around. Now I could be mistaken, but BSC did hold a conference call Friday and in the call while they didn't specify being sold, they did mention that other alternatives were in the works.
http://online.wsj.com/article/SB120553736208238...
Wall Street Journal's even predicting a potential sale is either in the works or necessary for BSC's survival (I know, WSJ is owned by Fox). You're right though OS. Not enough volume. But man if you were in those cheap puts even during the first 5 minutes of trading you made an absolute killing.