Thursday, August 06, 2009

A Look Back At Forsys Metals

Back in March, I exited my risk arb play in Forsys Metals (Ticker: FOSYF.PK) because the acquirer was not able to come up the cash. I promptly exited the position generating a nice 38% loss. Well, fast forward to the present... the acquirer has the funds and the deal will close within two weeks. Do I cry and weep??? Nahh... If I were to repeat this scenario I would have done the same thing. In trading, you have to look forward and not back. A loss here and there is a good thing as it keeps you on your toes.


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