$520 profit DGLY Long Stock
Entry comments: I dip bought this court case winner today http://tim.ly/2uSyHLP over $1.50/share off its premarket highs in the high 5s...should have multi-month support in the low 4s as one of the main reasons its sold off so much is its in the dreaded 5 cent/share spread test program so momentum traders stay away...so I think that opens up the door to a bounce. My goal is to make 20-40 cents/share, nothing huge, but good risk/reward after such a big drop and bottoming price action now
Exit comments: Weak bounce so I'm out for small profits, worth a shot, but the best bounces happen quick and are solid, this is weak so no play now for me
You can find your answer by reading SEC documents as those details have to be disclosed: https://www.sec.gov/Archives/edgar/data/72444/000143774917021271/avir20171220_s4a.htm Search for "At the closing of the merger" and read that section, then follow the comments for more details. Usually when you have mergers, old stock is exchanged for the new one at some ratio dependent on price and other factors of the deal.
Thank You For The Help.
Join now or log in to leave a comment