I can only form an opinion on the information that i haveYou...

I can only form an opinion on the information that i have

You might be right, maybe the market shouldn't have reacted as positively as they did to the MOU, if you think thats the case than you should have shorted FBR.

The reason i believe its was not overpriced is that an unspeculated (out of the blue) JV Partnership MOU should bring some value to the MC - and a 17% increase is not absurd. Where as an extension of an MOU does not necessarily loose value, it just delays the outcome, maybe cause some concern, but i dont think it should be almost entirely discounted.

I think the market reacted accordingly to the MOU, and has overreacted to the MOU extension, so i am long on the basis that i believe its oversold

Each to their own