Wednesday, May 10, 2017

Sold IvenSense

I sold my position in IvenSense (Ticker: INVN) today at $12.95 generating a net gain of ~ 0.90% over a 6 day period (~54% annualized return). I’m not going be greedy and try to capture the last $0.05. It was a nice quick gain and time to move on…

16 Comments:

At May 10, 2017, Anonymous mergerpie.com said...

nice timing..same here. i sold at $12.96

 
At May 10, 2017, Anonymous Anonymous said...

since SYT is a done deal, is it safe to sell some june/sep puts even though they are far away?

 
At May 10, 2017, Blogger Money Turtle said...

SYT: There's the potential tax consequences associated with the squeeze out of the non tendered shares. Those short Puts could become in the money.

Mergerpie: Thanks for giving me a heads up on INVN!

 
At May 12, 2017, Anonymous mergerpie said...

ALR is in trouble again. can't file its march 2016 10-Q and subsequent ones..what is taking them so long... i m taking a very minor speculative position..they have to resolve this or the merger is off again.

 
At May 12, 2017, Blogger Money Turtle said...

ALR: Unbelievable... I was going to initiate a position, but not anymore...

 
At May 12, 2017, Anonymous Anonymous said...

BRCD eu approved, what is left? when the deal close? good yeld here, almost done...

 
At May 12, 2017, Anonymous mergerpie said...

BRCD still have FTC phase 2 investigation to go thru but it should be resolved soon i think in july or aug max.

 
At May 19, 2017, Anonymous Anonymous said...

any new trades or arbs you looking into or bought last week
thanks

 
At May 19, 2017, Blogger Money Turtle said...

Currently have no special situation / merger arb play positions. Just patiently waiting for a favorable trade. I am closely following Alere, but still several months from closing.

 
At May 22, 2017, Anonymous mergerpie.com said...

i have added several small positions. a bigger one is monsanto

 
At May 22, 2017, Anonymous mergerpie said...

added to alere..seemed like a positive development..

 
At May 23, 2017, Anonymous Anonymous said...

I really dont like STZ looking to buy BF. They are just doing fine with stock hitting ATH... thoughts mt?

 
At May 23, 2017, Blogger Money Turtle said...

STZ: BF would be a nice fit for STZ, but at the right price. STZ will need to offer a hefty premium if BF ever decides to sell. I'm fine with STZ walking away. STZ's beer portfolio still has plenty of growth with Corona and the newer brands (Modelo and Pacifico) gaining strong momentum.

 
At May 26, 2017, Anonymous mergerpie.com said...

LON:SEPU

just to share one interesting and obscure merger arbitage that was completed. i didn't invest in it but read about it in April..didn't pull the trigger as i was fully invested in SYT...then promptly forgot about it...

just days before completion the discount was at a hefty 50%...the discount was significant in april as well due to worries that british authories will not approve the transaction.

 
At May 27, 2017, Blogger Money Turtle said...

mergerpie: Thanks for sharing that case study.

 
At June 26, 2017, Anonymous Jenna said...

That's a nice gain.

 

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