Definitely - hopefully people are thinking this through. This rose to .0021 on a non-binding LOI with Puriblood. When that fell through, it dropped to .0004/5.
Now they got not only a new LOI, but now the CEO of EV Hotel saying that the merger is happening, and more is coming Tuesday.
Would it really make any sense for this to go back to trips with that impending news? Do people really think it could go back to .0005, where it was after a terminated non-binding LOI?
If you believe that's impossible, why try to flip here? Where's the reward, compared to the risk? That's what you have to ask - flip your whole stack at .0014 in hopes of getting it at what? .0011? .001? Maybe, but there are tax implications, commissions, etc. And what if you flip at .0014, and news hits Monday morning? Then what? It's like selling your house, thinking you'll just rent until prices come down, and then housing prices keep going up, and before you know it, you're completely priced out of the market. Not the best analogy because they're dropping some now, but imagine that strategy in 2009, and where you'd be 13 years later.
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