Tuesday, November 17, 2009

Sold IMS Health

I closed out my risk arb play in IMS Health (Ticker: RX) for a 2.74% (annualized return of 142.48%) gain over a 7 day period. The recent run up in IMS Health can be attributed to rumors of a higher bid. I’m not going to get greedy since this deal is not expected to close t’ill March. I’ll take the quick profit and look for more appealing risk arb plays.


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