This post was just published on ZYX Buy Change Alert.
A quick denial of a potential deal is not typical, as has happened in the case of FLXN. One hypothetical explanation is that the deal is potentially in the works but a quick run-up in the stock makes the deal difficult. Hypothetically, this could be the reason for a quick denial.
Fortunately we were able to be nimble. Subscribers who were able to be nimble made some profits. Subscribers who were not able to be nimble, did not lose any money.
If the historical pattern holds, the stock is likely to drift down. The new buy zone is designed to get a fill if the stock falls as bulls give up the hope of a buyout. Again if the historical pattern holds, the buyout is most likely to happen after bulls give up the hope. Also compare to the potential reward, the risk in the buy zone is minimal. The new buy zone given in the previous post is $20 to $21.15.
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