G13Man
Short

Buy out fail

NYSE:HSY   THE HERSHEY COMPANY
58 1 3
The Hershy family trust has turned down other offers , they seem to be loyal to workers , state country , self
the offer of 107 is below where this price jumped up to of about 115
i am in the July 110 Put @ 2.63
have sold some already in the 3 to 5 range
has a long term hold possibility so i might actually exercise some puts if it drops enoughl
Comment:
snapshot

on resume of trading the stock dropped down to 107
and i sold my PUT , 3.40 & 5.oo

looking @ getting back in
Comment: this hit short term goal
, but it did not go up enough for me to short again ,
medium term it seems to be digesting the idea
i still think this price is above the bid
and the family trust is loyal to Pa and will not sell out
Trade closed: target reached: well the family DID REJECT the offer !
And price HAS remained in this higher area
i never did get back into a PUT
and think that this price will go side ways as an accumulation phase
since my account is still small , i will pass on this dividend play for now
snapshot


looks like the offer brought HSY up to a new support area , good for them
great i did not re PUT !
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