There are a lot of ex-fwr folks who haven't got their money yet, as the conversion isn't complete. They are worried to risk losing the gains they just made, so they are looking for an opportunity with little downsize risk. Theywill have 3 to 5 times their investment and wanting to use it as a base to build. All ROF stocks will rise. ROF is still a risk play, but it's familiar as many of us lived and breathed ROF for a while. I anticpate that in the next few weeks, demand will outway sells. The time may delay if Cliff rises, but most won't hang with Cliffs too long, as we are addicted to multiples not percents.
I'm hoping CEO's can capitlize on Cliffs' buyout, by using them as a precedent to attract more interest.
The question raised, if you have 30 to 100 thou, which ROF company would you go into? Would you divide it up. If so, what percentage would be SPQ? Those are the looming decisions to be made in the next few weeks. It is for this reason, I wanted to get numbers clarified so I can make my moves. I already own SPQ, but how much more to buy?
-sg