Friday, December 12, 2008

Currently Far East For The Winter

I'm currently in the Far East so my blogging has been non existent. I'm still waiting for the following merger arbs to close: Puget Energy (Ticker: PSD), Foundry Networks (Ticker: FDRY) and SI International (Ticker: SINT). Puget Energy will be delayed till early next year, but that's not a big surprise. I'm still expecting Foundry Networks and SI International to close by the end of this year. I've also done a bit of writing covered calls on my long term positions.

I will need to do some tax loss selling soon. It's actually been a fairly successful year for me so the tax loss will be off setting a chunk of my gains. I'll still end up owing money to Uncle Sam, but definitely no complaints. The merger arb plays pretty much saved my butt this year.


At December 12, 2008, Anonymous Anonymous said...

Any thoughts on ROH?

Dow Acquires Rohm and Haas Presentation.

At December 20, 2008, Blogger Money Turtle said...

I haven't been following this closely, but I believe it all depends on the timing of a divestiture. Looks like the divestiture needs to be completed before receiving the ok.


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