Buy on Rumor - PKZ

[AceHigh]

[ QUOTE ]
So am I to assume all of the value has been drained from this stock? ... Are you selling your position or holding?

[/ QUOTE ]

I am holding. I thought this stock would rise more the last 2 days. My guess is a bid will have to be in the 50's to get accepted. Rumor has it LUKOIL submitted a bid for 45 and it was rejected without being considered. Some have put ONGC's bid at 4.3 billion which would be a stock price of around 56+. There might still be time to buy, and hope to get a quick turnaround of 10-25%.