Sold Venoco and Back in Motorola Mobility
I sold my holding in Venoco, Inc (Ticker: VQ) today at $11.01 and just broke even on this trade. Even though this was just a small position, there was just too much risk. I just don’t have a fuzzy feeling when there is no committed financing in place. As they say: "show me the money…"
I’m back in Motorola Mobility Holdings, Inc (Ticker: MMI) at $39.68. We should hear by March 20th regarding China’s decision (MOFCOM) on this merger. I’m factoring in a closing date of March 23rd for this deal, which will equate to an annualized return of ~32% (0.80% net gain).
2 Comments:
hi money turtle, do have an email contact address?
regards
rijk
You can email me at moneyturtle at gmail.com
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