|tomorrow's negative bias|
we may hear a strange sucking sound under ebaY starting tomorrow.
first, PYPL shareholders can now sell their shares,
and still vote for the merger deal sometime in October.
arbitratures trying to match PYPL to EBAY for
the deal ratio will be shorting EBAY like mad
or purchasing PYPL if EBAY refuses to sink.
based on the average volume of PYPL since the
insider shares were unlocked last month, I'd
estimate there are 60 million shares waiting
to be dumped, or about 40 times daily volume!
second, insider sales will now be reported in a matter
of days instead of over a month it used to take.
Thanks to Mr. Bush
As ebay and paypal rats jump ship,
we'll know about it before it sinks.