Seeking Alpha
  • Paulo Santos
    Starting a long in BBY @ $19.80, will buy more if it goes to $18.80.
    8/6/12
    Reply (24)
    • Paulo Santos: Market is not discounting any chance for the takeover. Will explain later why the likelihood is a bit larger than it seems.
      8/6/12
    • Paulo Santos: Bought a bit more at $19.40, will buy more lower.
      8/6/12
    • Paulo Santos: Also, it's besides the point if the company continues to face issues or not after it gets bought out. This is a nice chance.
      8/6/12
    • ron49er: What is the price action telling us about the odds of a potential buyout happening for $25?
      8/6/12
    • Paulo Santos: ron, it's telling us that the market is saying it's unlikely to go foward. But that's precisely the point that creates the opportunity.
      8/6/12
    • Paulo Santos: Due to huge demand for high yield debt, the deal can even suck, that it will get financing. So the likelihood of it going foward is higher
      8/6/12
    • Paulo Santos: then what the market is discounting.
      8/6/12
    • Paulo Santos: (than)
      8/6/12
    • stocktrend: Im in @19.68 also now that there is an offer good chance someone else will bid as well? This will get even better for us
      8/6/12
    • Paulo Santos: I don't think anyone else will bid, but I do think the offer has a good chance of going forward, which should be good enough.
      8/6/12
    • stocktrend: Paulo Santos why you think is not trading higher today looks like is loosing steam if the offer is 24/26?
      8/6/12
    • Paulo Santos: Because the market doesn't believe the offer can be brought to fruition.
      8/6/12
    • Paulo Santos: With time and as financing gets known, etc, if should trade higher. But it won't be instantaneous.
      8/6/12
    • stocktrend: Great thanks for your info
      8/6/12
    • Paulo Santos: Of course if the deal falls apart, we get taken to the cleaners for the sound beating we so richly deserve ... eheh.
      8/6/12
    • stocktrend: Right je je je hope that does not happen I was in trouble with my KCG friday @3.50 but was able to make it up when I bought more and sold
      8/6/12
    • stocktrend: This morning so Im even right now on my friday purchase and I dont want another fiasco with BBY but you never know
      8/6/12
    • Paulo Santos: Never double up on something like KCG, that thing had BK risk and you can wipe yourself out with a single trade like that.
      8/6/12
    • stocktrend: I daytrade a lot and you right is very risky but it has pay off for me most of the time when my entry point is way off.
      8/6/12
    • Paulo Santos: The problem is specific for situations like KCG - it COULD have gone BK, and if it did and your exposure was too high, a single trade would
      8/6/12
    • Paulo Santos: do you in.
      8/6/12
    • stocktrend: If tomorrows price does not hold on KCG will sell it and stay away for a while
      8/6/12
    • Jdlt: Are you a buyer of bby under $16? Looks like Schultze will submit a buy out offer next week. http://yhoo.it/SO1sSU
      11/7/12
    • Paulo Santos: I'll have to see how it fits with the rest of my positions, but Schultze seems kinda not credible given how it all went.
      11/7/12