Jiayuan International = Done Deal
It’s nice to see that Jiayuan.com International (Ticker: DATE) finally closed. I went in big yesterday with an average price of $7.417, which made up ~ 45% of my portfolio. My net gain will be 1.25% (50% annualized gain assuming the cash hits my account on 5/20). I patiently wait for these types of scenarios to develop where the odds are heavily in my favor so I can go “All In”. Now I can focus on some new names and get ready for next week…
posted by Money Turtle @ 4:25 PM
4 comments
4 Comments:
Good Work!
Yesterday $CHTR sold off 5% after it was not added to S&P500 after $TWC is delisted. A lot of people expected that. $DLR was added instead. However, since $CVC is going off the index after completion of merger, i guess $CHTR is going to replace it.
Thanks... I like the small cap arb plays as the big players stay out of them. This allows some market inefficiencies where small players can have an edge.
50% is a nice return.
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