Oct

9

Portfolio Update

October 9, 2007 | Leave a Comment

Yesterday I made an investment in CMTY on the basis that the stock was trading a significant discount to its upcoming merger. However, having re-read the merger agreement, I realize that I made a mistake in interpreting the deal, and that the option of either cash or stock is not truly an option given that only about 10% of the shares will be bought for cash. Therefore, I have reversed my position this morning at my cost […]

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Oct

8

Daily Market Wrap 08OCT07

October 8, 2007 | Leave a Comment

Today was a fairly quiet day of trading, so I will be brief in my comments. First, I decided to double my short position in HZO this afternoon at $15.74. I stand by my research here, and with the recent run in the stock, now seems like a solid time to average up.

Second, I established a sizable position in CMTY, which is set to be bought out by Susquehanna Bancshares for $34 per share. The deal […]

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