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TheFastOne

07/02/12 8:25 AM

#101456 RE: TheFastOne #101455

It will be interesting to see how that call prices out. I paid 1.25 for $7.5 call ...

I think the "premium" will disappear and I'll get about 2.35
fred
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**D*A**

07/02/12 8:45 AM

#101457 RE: TheFastOne #101455

Wow! You seriously own a CELL call? wOOOOOOO hOOOOOOOOOOO!!!





Ingram Micro will acquire all of the outstanding shares of BrightPoint common stock for $9.00 per share in cash, a 66 percent premium to BrightPoint's closing stock price on June 29, 2012, and a 35 percent premium to the 90-day average trading price. The transaction is valued at approximately $840 million, including the value of approximately $190 million of BrightPoint's estimated debt (net of cash), as of June 30, 2012.



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TheFastOne

07/02/12 9:42 AM

#101473 RE: TheFastOne #101455

Looks like I was right .. future value of calls disappeared.

Took 1.35 on CELL ... with brokerage that nets -7% ... better than nothing.
fred