I am in stocks for 50 yrs ..made good living ..took early retirement from PFE at 55 yr old ..when one see stock price in dollar & cents , it's handicapped...I see all numbers as tool of trade not as money until cashed out at end of game...with ACAD it's beginning may be 3rd inning ? Good Lk
This stock at current situation shouldn't be sold...ACAD is entering safest phase of development to own for biotech...I just being accumulating for 3 yrs few time doing last year I sold some due to margin call but I readjusted after big Clinton drop off.and continued accumulation using naked put strategy every few month. Some worry about potential drop off when no M&A take place but that should not change your position or scare you off since ACAD is going to sell sell sell newly approved drug...holding longs you will be rewarded handsomely with time ...hard to find other better situation biotech stock and you should take advantage of it when cycle is at beginning of growth with very high probable billion $ drug in starting gate. Don't sell when you have winning stock with tailwind blowing...
Answer to: 1) Usually will jump to few cents below Buy offer price but other offer might drive price above.initial offer P....In case of ACAD BO, should be no problem w Gov. so will get near offer P. best wait few days to see other offers 2) if you hold and accept shares of buyer, it will save from tax situations if shares are offered in BO ...I always prefer to accept shares of buying co. and control tax situation with my timing ...several factors to consider if shares are offered....if buying co is like MRK,JNJ, PFE, AMGN...I will definitely take shares and hold...3) if you hold till buy out is complete; you may get all cash, cash + buying co shares, or in some case all shares exchange for your ACAD shares at BO agreed exchange ratio.
I am definitely want quality big pharma shares for exchange at $85+ rate...want all share exchange
someone got this morning ACAD media announcement plan on last Friday after close...lots of guessing announcement but adding fuel to nervous shorts.
i am firm believer of Bakers' investing style & follower...other picks:INCY,SGEN
All you guys are discriminated by brokerage houses...I have very concentrated holding in ACAD but no problem even with margin on naked puts....TDA sorts out customers on experience level and size of accounts , checked out by talking to reps....get upgraded on customer level classification
dumb simplified idea..very childish thinking...how old are you ? years market experience ? please don't take our time or space on board