This post was just published on ZYX Buy Change Alert.
TIBX has long been on our radar as potential buyout candidate. Until now there has not been a trigger and earnings from this software company have been lousy.
Now there are credible rumors that the company is interested in selling out.
Consider purchasing a 10% tranche right here around $19.15. Plan on adding for a total position up to 35% of full core position size on a pullback in the zone of $16.31 -18.61 in several tranches. No stop for the time being. In a buyout target price is $26-31.
The stock is beginning to move as this is being posted. It is best to not chase it above $19.37.
