So MX were bought out earlier today, at a price of $29. Now I’m sure a lot of you think you’re retarded, but there’s even bigger ones selling their shares well below this price, and it’s only a matter of time before whales jump in to push this price to the ask price. Right now, shares are selling for $26.15 after hours. Anything under $29 and you profit when the sale goes through.
Quoted from the article: “the South Korean leader in display and power solutions, today announced that it has entered into a definitive agreement (the “Agreement”) with South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan Merger Sub, Inc., a Delaware corporation, which are investment vehicles established by Wise Road Capital LTD and certain of its limited partners”
Link to article: https://finance.yahoo.com/news/magnachip-enters-definitive-agreement-wise-123000402.html
Quick disclaimer: Obviously I’m not your financial advisor.