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Strategies & Market Trends : Trader J's Inner Circle
NVDA 181.36+0.8%Dec 2 3:59 PM EST

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To: ArtAlley who wrote (4912)1/18/1999 12:00:00 PM
From: Trader J  Read Replies (1) of 56535
 
ArtAlley: ASCT - Yes those drugs Primsol and the other one (I forgot the name) are what everyone is banking on. If they do get bought out, it will be long before these drugs are approved as after the fact, ASCT would most likely ask for a higher price.

This is the reason that I will hold at least a couple thousand shares going forward, buyout or no buyout. I will just mentally move it to my longer portfolio at the end of Jan if we hear nothing before then. I have heard enough thus far to warrant holding as eventually it will go IMO.

But we are traders, for the most part here, waiting for 10 points over a few months may not be worth it for some, when you can use the money for the next IMON play or the like. The decision will be up to each ASCT holder.

At the end of Jan, if I still have heard nothing, I will sell half and move on.

Trade well.

TJ
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