Just Another Tellabs Rumor

Originally Published in Charting the Market 7/23/07

If you had a dollar for every time Tellabs (TLAB-NASDAQ) was rumored to be a take out you would be a rich man. Today the rumors would appear to have some teeth at last, with the stock looking to gap up at the open. This time the suitor is Nokia Siemens, the European networker.  Every deal seems to spring leaks these days, and maybe this is just another example of the stock moving ahead of the news. Enjoy the gap, unless you bought a huge options position Friday. You will probably be getting a phone call, and it won’t be your mother calling. no position

Comments:

<< Back to main