Overall market M&A as well as IPO action has been muted this year due to the rate hike fears from the FED. Apparently nobody wants to carry debt right now facing possible increased costs so deal making, while still happening, is being approached with much more caution than in years past. Is that what is happening here? I dunno, but at current levels I would think that there has to be somebody licking their chops for this one... it's why I keep buying at these levels holding 3K shares at the moment.
Interesting note: HUGE Call buying in the Nov $7 Calls (almost thirty thousand contracts). (#msg-117779198) I bought some of those too Friday based on the activity... maybe somebody knows something? ;-)
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