Thanks for your posts. TU on both. I've found over time I'm better at buying and holding than being a trader. So to gain a little insight into trading strategies around takeover offers is invaluable to me.
Davmarc, you mention buying back in once the shareprice drops lower. What will you do if it doesn't? To me at present, this seems like a low probability event. We saw 35M odd shares on the buy side yesterday at 40c. It seems to me thats a fairly determined effort by landbridge to buy the company and to not let things continue to drift along or drift back to continue the repeating pattern of a share price that rises only to fall back to lower lows.
I would dearly love to see the compnay go on to big and better things as a listed company, but if this is how it is meant to be, then what can I learn from this for next time?
WCL Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held