RE:Not liking this Nakate wrote: anymore, sure the big pop yesterday was great but since then it been nothing but profit taking and uncertainty Might sell just to get this off the books and move to another divi payer that has no baggage
Well, I got real tired of CWB and sold a couple of months ago so I'm not that "smart" ;);)...BUT...one of my "rules" is NEVER wait for the take-over, sell on the big pop of the announcement. That's because I've been burned a couple of times...I was either greedy thinking it was worth a little more and the deal eventually unravelled....or the individual wanting to take it private got fed up with the oppositon to a really good offer and suddenly withdrew it.
In both cases the stock took a rapid, steep dive back to what it was before and the sordid story of a failed take-over / deal became just another overhang for the stock. Now I SELL every time and celebrate!