Sold All of Our Geeknet (GKNT) at $17.30

02015.05.26 headline: Hot Topic to Acquire Geeknet, Inc., Parent Company of Online Retailer ThinkGeek PR Newswire (Tue, May 26)

GKNT closed at $7.90 on 02015.05.25.

GKNT opened at $17.30, up 118.99%, on 02015.05.26. Intra-day high: $17.35; intra-day low: $16.70; closed at $17.00, up 115.19%. Volume: 2,410,000 (vs. ~47,000).

Now a bunch of "Shareholder Alerts" are taking place because they think Hot Topic is effectively stealing ThinkGeek away from GKNT shareholders at $17.50 per share.

In a nutshell: I think GKNT was worth $25 - $32, but I was fine taking $17.30 and just being done with Geeknet and ThinkGeek.

[update::02015.05.27] Geeknet announced another company has come along and offered $20 per share. GKNT is at $18.50 at 11:34am MST on 02015.05.27. Quoting Homer Simpson: D'oh!