This one is a bit bizarre. The US listing - XRA has been adjusted for the spinout, so it's making new highs. I had what I thought was a low-ball bid of 7 when it was trading around 9. It got filled the day of the spinout and continued lower. I had no idea this was coming - didn't check the news until I got the fill. During the day it bounced, so I sold some at a small profit, but it then continued lower for a few days. When it looked like the selling was over, I bought back what I sold. I've since sold it all on the way up. Somehow, I made money on it, but it was just luck. So many stories, rumours, denials, deals, bizarre trading - I'm so confused on this one, my head is spinning.
Ryan,
I bought the second half of my SQI position at .55, so my average cost (.575) is higher than yours. If I did good, you did better. But I'm still a little unsure about it - a lot depends on the market, methinks.