Monday, December 07, 2015

Integrated Silicon Solution = Done Deal

Integrated Silicon Solution (Ticker: ISSI) is finally a done deal. I’ve been gradually reducing this position and using the proceeds to build onto Dyax (Ticker: DYAX). The remaining position in Integrated Silicon Solution makes up ~ 10.7% of my portfolio. I anticipate the cash from Integrated Silicon Solution will hit my account by December 11th, which translates to a net gain of 1.92% (~ 32% annualized gain).

During the past week I’ve increased my position in Dyax to ~ 10.5% from ~ 5% to take advantage of the CVR. I will continue to add to this position at the right price… I also initiated a short Put position in Dyax to generate some income along the way, but the main focus is getting more of those CVRs on the cheap.


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