MEAD JOHNSON BUYOUT TALKS CONTINUE $MJN $RBGLY $DANOY $NSRGY $KHC

MEAD JOHNSON BUYOUT TALKS CONTINUE $MJN $RBGLY $DANOY $NSRGY $KHC

This post was just published on ZYX Buy Change Alert.

MJN is long from $66.26.  It is trading at $84.25 as of this writing.

MJN continues buyout talks with RBGLY.  The offer is reportedly worth $90 per share.  Other potential suitors are DANOY, NSRGY, and KHC.  From our last post ,

Profits have been taken on all but 10% of the position in MJN.  Consider raising stops on the remaining in the zone of $69.23 to $69.38.  There is still a buyout potential and that is the reason to hold the remaining small quantity with a tight stop.

The stock dipped into the stop zone but did not cross the low end of the stop zone.  Some subscribers are totally out of the stock while others are still holding a small quantity.

What To Do Now

Those in the stock may continue to hold.

Those not in the stock may wait for a signal on the Real Time Feed.

 

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