ARW's news today was an amateurish attempt to shore up interest.
Everyone knows how the game is played. NEVER, EVER tell the market your goal is to be bought out. Anyone who wants to take out a company wants it as cheap as possible. You want acquiring parties to approach you with respect and future potential competitor.
The chart on this issue looks bad. This news today is WEAK. It makes the management look as if it has NO MARKET SENSE.
This is the best they can do? Tell the world that by some standards they might just be pretty enough to get a date?
Thank you Judy. We are now guaranteed to face shorting and a lower share price.
I am out good bye all.