Last time we established the low, there wasn't a rhyme or reason, no news to justify the drop- as has been the case with these major drops in pps. This time around, news came out before opening bell- there wasn't a knee jerk reaction when the markets opened...actually really not dropping dramatically until a few hours after the market opened. Clearly this was a concerted effort and I am not saying getting that letter is great news but I'm surprised the pps didn't drop when the bell rang. Hitting the stops was a goal which was achieved as far as I'm concerned.
The market favours this merger- the dow had the biggest drop since 2011 the day the merger was announced, and we were one of a few companies that were up that day.
I'm holding like everyone else, I'm frustrated like everyone else but we're playing a rigged game on both sides (on bpax and mm's)
GLTA
-RG
