Don't Buy On The Monster Spike
Monster placed itself on the auction block back at the end of February so such news shouldn't be a big surprise. Over the last three months just about every buyout related spike has led to cheaper buying opportunities within the next few days.
Even more credulous about today's news was the speculation that LinkedIn would be interested in the company. Why in the world would a fast growing stock want to be bogged down by a deal with Monster?
Read the full article at Seeking Alpha.
Disclosure: Long MWW. Please review the disclaimer page for more details.