muskyman I think the next 4 to 5 weeks could get exciting. I am back down to my core position and an average cost of 3.90 just waiting and hoping for a major advance so I can not watch it as much. I have a 2 yr goal and hopefully it reaches it and allows me to do the other things I desire
big surprise to me the markets well planned the reshuffling of the russel index with no hiccups of signifigance This stock did real well. should have held on for more of that gain. but nice to make money and still be wrong. lol
will you try to put on your happy face when this breaks above $4 again, please. Just do yourself a favor and wait til the end of July before you consider selling. after that it will be your choice. I think a lot will happen in JUly that may change your disposition.
august, after looking at the chart it definitely looks like we could look forward to a lot more upside, especially with the incentives of earnings and news I expect during the next 2 to 3 weeks.
better time was when it was 3.70 and lower, I bought a trading position and already took profit on 19k shares at 3.81 still holding my core position of 120k shares.waiting for the news in july that I expect and earnings.
If i remember right that was in 2008 and I made 48% return that year in a bad market year, one of the best I have ever had due to M&A deals and hitting on all but one which I was lucky to get out before it went bad with most of my skin. lol
It has been a big question, normally I dont do these arbitrage unless I am very certain it is going to heclose so my feeling is that it has to be 95% likely or better or I wont do it. When I was doing smaller companies it could be a problem with financing, I do not see that here, so it is more a matter of egos than financing or if there is a major problem such as FDA comes out and says ACTHAR is fake, and I dont see any of that regardless of Raven who is a big short blowing his mouth similar to Ackman on his short herbalife. Timing is a guessing game until they announce, I would hope we have an announcement before earnings but I have a feeling it will be after earnings or at CC of earnings but in that time frame which would put the vote around mid to late Aug and merger end of Sept. I think it goes to the end of 3rd quarter but before another dividend is paid which would be in late OCT. Besides egos which is maj
or in these deals this is a huge money maker for MNK It will almost double their earnings next year. MY fondess hope is that MNK closes just under 80 when the deal hits oct option expiration then I hold myMNK for a year or more. LONG term this is a deal that will keep on making money. The CEO reminds me of the CEO of :Middleby Corp. grew tremendously by acquiring stock went from 20s when I owned it to 150 now at 244. Made a bundle when they bought out OVEN and everyone thought they wouldnt close. made 45% in 3 months on over 250k shares. met a lot of nice people then including a hedge fund manager from Chicago who returned the favor later
i HAVE given that some thought but it was a 9% gain for 4 weeks on the average price of options and stock that I bought of 23800 shares and if it is around 16.25 at option expiration I will be able to roll it to Aug $17 or $18 for as much money as I have sold the july $16 for. but it could run past and if it does I will only make 9% for 4 weeks and sit and wait or find another deal.
you are correct but his 5ok is low also. Most are looking for 2.5 billion for the quarter aNd I am expecting 2.8B and earnings of 2.30 per share.
I would agree with you personally I feel the earnings will beat handily again maybe as much as last time.
lol that is funny, good answer. but having a decent day I sold 8600 shares of trading account and back within 10k shares of core position. Need it to rally 10 more cents and I will be back to core position unless it goes down to 3.68 again where I will load up again but something tells me the earnings are being leaked due out within a week
this is the way to carve down your cost basis, buy at 3.67 sell at 3.84 made a grand today off the last sell off on 6500 trading shares. dont complain make money