Friday, May 29, 2009

Wait Almost Over for Nova Chemicals

It's been really quiet... I'm just waiting on the close of Nova Chemicals (Ticker: NCX) before I make my next move. I've done some trading in Nova Chemicals early on, but now holding for the close. Nova Chemicals is being acquired by International Petroleum Investment Company (IPIC) for $6.00 per share. The closing is expected in June.

Here are my trades so far:

Account #1:

4/14/09 Bought .5X @ $5.84
4/22/09 Sold .5X @ $5.89
4/28/09 Bought .5X @ $5.77
5/1/09 Sold .5x @ $5.81
5/4/09 Bought .5X @ $5.75
5/6/09 Sold .5X @ $5.78
5/7/09 Bought .5X @ $5.75
5/15/09 Bought .5X @ $5.68
5/21/09 Bought .1X @ $5.71
5/26/09 Bought .4X @ $5.79

Account #2:

4/2/09 Bought .6X @ $5.84
5/12/09 Bought .07X@ $5.69
5/12/09 Bought .1X @ $5.70
5/13/09 Bought .2X @ $5.68
5/20/09 Bought .1X @ $5.73