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Originally Posted by Mr_Tomahawk
Is this merger suppose to happen over the weekend....if it does?
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It could happen over the weekend. Klein doesn't do LOI. He goes straight to DA. So it could take longer than the normal 30 days from initial Bloomberg report. Today is day 31.
Once it happens I am guessing the stock will double very quickly. A lot of people are waiting for it to be confirmed before they jump all in.
Friday FOMO at the end of the days are the highest stock days. This stock usually tanks in the morning and takes off in the afternoon. If it doesn't get confirmed this weekend. Tuesday morning since market's are closed on Monday would be a good entry point since the price will most likely dip.
However, if it is confirmed by Tuesday you will probably be paying double or more for the stock.