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Strategies & Market Trends : Value Investing

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MCsweet

To: MCsweet who wrote (51718)	1/27/2014 12:23:53 PM
From: Jurgis Bekepuris	1 Recommendation of 78745

GAME - so GAME got an offer from parent for $6.9. Surprise, surprise. A takeunder as expected. OTOH anyone who bought recently on bad news - hey, there's always bad news before takeunders, coincidence? - made good money. I got whipsawed out for some of my position, but still kept some. Sold most today. In case of Chinese co, I'd rather not hold for 7%'ish arbitrage to the full value. I doubt there's gonna be raise for the offer and there is a risk that there might be whipsaws if market does not believe that the offer will go through. So mostly on sidelines now. Would probably rebuy if stock dropped below $6 on no news. However, from the price action it's pretty clear that this is a leaky ship, so any drop might also be based on leaks... Ah investing in Chinese companies - so much fun. :)

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