Top Contributor: R Sad | Created when NYSE:HUN was $10.00 | Edit | History
Until positive news comes out concerning financing on the Hexion merger, there really is no reason to hold this stock. The next trial doesn't start until January. Since their major backers give every indication of pulling out of the deal, Hexion will need to secure new financing. The market will need to turn around before that can happen. Until then, HUN will stay mostly flat or, if there is more market instability, it will drop. The stock is at an incredible low right now, but it could go lower. Any confidence of the deal happening is pushed back far enough in time that a position could be built later should the facts surrounding this deal start to take on a more positive note.