Tuesday, November 02, 2010

Sold Crucell

I sold my position in Crucell (Ticker: CRXL) today at $32.57 generating a 0.86% gain (~77% annualized return) over a 4 day period. Nothing wrong with this risk arb play, but I just wanted to free up some cash and reduce my margin just a bit. The market has had a good run and there may be some good opportunities brewing.


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