Just a couple of weeks ago, I held off deciding whether to buy THE or EGY. The other day, THE was bought out at a 28% premium, and jumped ~17%. The market laughs.
Also, I had to laugh today, when the market waited for the Fed announcement before doing anything. Here's the market motion for the day (figure - red, DJIA; blue, NASDAQ; yellow, S&P). Can you guess what time the announcement was at?
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