Oct

19

Selling sizable long positions, going short, and buying gold

October 19, 2007 | 6 Comments

Today’s market is just plain ugly, and I am beginning to have serious worries about the economy flipping into a recession. In fact, the more I listen to companies guidance (CAT, UNP, etc). In fact, I am willing to bet that the U.S. is already slipping into recession, but we have yet to actually see it in the numbers. The way that both the stock and bond market have acted in the last few sessions is telling […]

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Oct

17

Taking a small stake in BIIB

October 17, 2007 | Leave a Comment

This afternoon I decided to take a small stake in BIIB at $78.13. The stock is off $6 from its highs after announcing that the company was considering a sale, and I think this is a solid entry point to try to play the merger arbitrage. With Carl Icahn already significantly involved and interested in a sale, I believe the company has a solid shot at being sold, and there is considerable upside here if a sale does […]

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