I saw the article that they are putting a bid to buy BG group, and that the offer they made is higher than anyone expected... So I am not surprised that the price is dropping to match the loss of cash.
But I also saw an article in Reuters that said that "European shares hit 8 year highs" because of the $70bn bid.
So why the substantial drop? And how long before it bounces back? Would it be a smart grab today at the low price to maybe recoup the 4% or more when it comes back in a couple days? Any thoughts?
I am relatively new to investing, sorry if this is a dumb question.
Submitted April 08, 2015 at 11:43AM by Dynamite_Fools http://ift.tt/1IN6I0G
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