Closed Out MTS Medication Technologies

I closed out my risk arb play in MTS Medication Technologies (Ticker: MTSI) today generating a 2.52% (~65% annualized return) gain over a two week period. I wanted to lower my leverage just a bit so I wouldn’t get caught up on any unexpected surprises (the academics call this systemic risk). This game is all about risk and reward. I’m not looking to hit a home run, but a single here and there… Greed is good sometimes, but not now.