Replies to post #17 on Pepco Holdings Inc. (POM)

[Gaintrader]

My small position sold on 2/26 on a GTC order @ 27.10, right after the halt that day. I figured the .42 cent potential upside I was forfeiting was far out weighed by the risk of a $7 downside if EXK pulls their offer. EXC clearly indicated they would back out if they had not received an approval from the DC PSC by March 4. And now, the DC OPC is no longer supportive the deal, and crying foul on the PSC's new proposed amendments for approval as of today too. Far too much unwashed ass kissing going on IMHO for me to stomach the ride to the end. Now I'm thinking I may have gotten lucky.

[CDFallon5]

Been following some of your posts in the utility names, what are your thoughts here? Leap options are cheap and offer nice risk/reward with POM, especially after getting beaten up so badly as of late.