Entry comments: Icahn has mentioned he wants to buy out the remainder of the stock at $7. Still trading at a premium with some room to move down to purchase price of $7. Shorts got squeezed earlier in the day and I made some money on it. Looks like there is still room to come down to $7 had a limit order in at 7.19 and it went there but none of my shares executed. So holding overnight.

Exit comments: This stock was a boring churning stock all day. It looks like even though all the news says the shares would be bought for $7 people just heard buyout and didnt realize it was trading at a premium. Should have closed out sooner. News confirms buyout at $7 it will be a short.