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
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on resume of trading the stock dropped down to 107 and i sold my PUT , 3.40 & 5.oo
looking @ getting back in
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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
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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
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well it did go down , but recovered and up it went till covrid , and recovered up more again
looks like the offer brought HSY up to a new support area , good for them
great i did not re PUT !