market correcting its mistake

As a knee jerk reaction to the rejection of the takeover offer as well as anger on not being consulted, the Institutions pulled the rug from under the CML share price. However thinking with a cool head one would see that if the CML was valued at $ 15, with a takeover premiun of about 30 % its fair price should be about $20. It wa a God given opportunity for buying. I bought in at $ 12.80 this morning and hope to keep it till it is reasonably high. The board must have been confident enough to reject the offer outright taking the risk of share holder wrath. Just my feelings, folk.