Sell EAC Stock Encore Acquisition Company NYSE:EAC at 50 dollars today on Acquisition news

Submitted by vinny on Mon, 11/02/2009 - 13:50.
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Denbury Resources Inc(NYSE: DNR)is going to acquire Encore Acquisition Company (NYSE: EAC)for approximately $4.5 billion. Which clearly means solid valuations for EAC stock today. Sell EAC stock today at close to $50 and exit if you have been holding for long. This burst in EAC stock price won't last long. EAC will fall down below $40 soon. Better exit at $50 and book some solid profits.
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