A company that uses this strategy is implicitly forecasting that its shares will not bounce back for at least eight months.
The overhang was cleared, enabling the shares to bounce back to 356p, down 2 on balance.
The company's shares have bounced from $83 in January to $128 in February and back to $108.125 by Friday.
Wolseley's shares bounced to 617p before settling back to 604p, up 10p.
TV and predicting that the shares would bounce back from their decline.
For starters, the share of Federal tax revenues in national income bounces around but almost always hovers close to 20 percent.
In the last 52 weeks, the shares have bounced between $27.50 and $66, and closed on Friday at $39.625.
And the shares did not bounce back.
We expect the shares to bounce on the back of this update.
With estimates running into the billions of dollars, Merrill's shares have been bouncing all over the map.