In my attempt to double 10k in the stock market in less than a year, I read, research and experiment as much as i possibly can to get an edge. Of course, the more research you do, the more you find out. For example;
In July of this year, word was that GeoEye was in preliminary talks about a buyout, at the time the stock price was $35. It is now $22.30. If a buyout seemed attractive in July, it only stands to reason that now, at $22.30, it would be even more attractive.
Also, a couple of days ago I wrote that an insider (Feinbeg), recently purchased more than 400,000 shares of the company's stock (actually nearly $10 million dollars worth). It seems that the possibility of a buyout is very real. I'd love to have a piece of that action. A buyout at 30 would be $5 less than the stock price was in July. For me, that would be a profit of more than 50%. I am in at 19.03. Hey, I can dream, cant I?
Start date: 12/12/2011
Starting balance: $10k
Current balance: $11,649
Gain: 16%
In July of this year, word was that GeoEye was in preliminary talks about a buyout, at the time the stock price was $35. It is now $22.30. If a buyout seemed attractive in July, it only stands to reason that now, at $22.30, it would be even more attractive.
Also, a couple of days ago I wrote that an insider (Feinbeg), recently purchased more than 400,000 shares of the company's stock (actually nearly $10 million dollars worth). It seems that the possibility of a buyout is very real. I'd love to have a piece of that action. A buyout at 30 would be $5 less than the stock price was in July. For me, that would be a profit of more than 50%. I am in at 19.03. Hey, I can dream, cant I?
Start date: 12/12/2011
Starting balance: $10k
Current balance: $11,649
Gain: 16%
No comments:
Post a Comment