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Why would anybody sell at 8 1/2 if they can hold for a short while and get 10? I saw the same thing when WIKD (Pete's Wicked) went private. Up until just a few days before the deal closed at 6 3/8 you could still buy at 5 1/2.

It seems like free money to me. Once my order fills I'll go down to the new Rock Bottom in Ahwatukee (Phoenix) and celebrate.

Igor
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yes, but.....

"a short while" in my finger counting department looks like five months. So what is the cost of opportunity lost over those months? No matter what, I'll be selling at a loss @$10, and what's worse, it's in a tax sheltered account so there's no capgains loss to use as an excuse for exiting. So I've got a more or less 18% gain (figuring 8.5 v 10 over the 5 months) guaranteed, or the opportunity to place this chunk of change into something that may outgrow the guarantee. I'd jump at $9, but giving the arbs a buck and half just rubs me the wrong way. Guess I'll have to drown my festering (and spend down my ChopHouse Gift Card) over a Fireman's special.

Phil
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Phil, I feel your pain. Just not with this stock. Let's just say I was small-f foolish with a chicken stock. They ended up with a Q at the end of their ticker.

I salivated over BREW when it went IPO, but I'm not a big fan of IPO's, so I waited. I ended up forgetting all about the company, particularly since I moved to a place without any of their stores. But one just opened a couple miles from work, and is doing a raging business; perhaps it is worth a second look?

Then to my surprise I see the news and the premium. I missed the 8 1/2, but had an order partially filled today at 8 9/16. I'm sad it was a partial fill, but so it goes. After commissions I'll get a 15% return, which I'll take. For the risk I'd say it's pretty good.

Good fortune to you.

Igor

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I'm with you here. I'm going to go in at 8 3/4 and take my little profit. I've got other money to play with for other things, but I can wait a whole five months for a 15 percent return after commissions.
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