yes, that is true and also you have to wait for the "terms" of the merger and to find out the cost to the company for the merger. for example, saml today topped out because the terms were not friendly to the commons. it cost the company 2.6 BILLION shares added to the os overnight. that is another reason i hedge in this type of play. when you don't know what terms the company is negotiating to create the new deal, you can get burned fast. saml shareholders who chased yesterday into close learned a huge lesson. they didn't read the filing, so they didn't realize or remember the os went from 600 milly to 3.2 BILLION to do the merger. who knows how this deal is being worked out. finger always on the trigger though. ready to add if things look good or sell if i get a bad signal tomorrow.