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100% luck, otherwise you will be a millionaire right now because you would've mortgage your parents home, take maximum on margin, and put all your credit card money into it.
50% gainers are always fun and exciting. I've only had a couple of them in my entire life. If you want more excitement, you can buy call or put options on stocks releasing earnings. I did that recently with facebook and made over 200% in one day.
On a thread on 1/21/16, I suggested the following stock when it was around $38
"ALR
another company in the diagnostics arena that launched a molecular platform in 2015 that's doing very well.
Also, has the only FDA approved 4th generation rapid HIV test. Company's largest growth has been and will continue to be in China, India and Africa."
I TOLD YOU SO!!
Today, it was announced that Abbott is buying Alere for $56 share. The stock is now up over 50% from when I suggested it.
Yes, I'm hurting my shoulder patting myself on the back...but I'm also really happy with my stock choice right now!
Nice job. That's what this board should be used for!
OK, here's a follow up (dumb) question:
If Abt is buying ALR for $56/share, but on the open market, it's currently trading at $54, does that mean that when the deal closes, the minimum an existing share holder would receive is $56 (or the equivalent in Abt stock)?
Or, could the ALR stock go higher than $56 prior to the deal closing, in which case, current share holders would try to sell at the higher price?
As it stands now you would get $56 per share when the deal closes.
ALR could trade higher than $56 if a second bidder steps in the buy the company.
ALR could trade much lower than $54 if the deal collapses.
I'd take your winnings and get out.
As it stands now you would get $56 per share when the deal closes.
ALR could trade higher than $56 if a second bidder steps in the buy the company.
ALR could trade much lower than $54 if the deal collapses.
I'd take your winnings and get out.
I took my winnings on about 65% of my shares. Still had another 35% that I left in because I didn't want to pay the long terms cap gains tax on them. At a minimum, I should get $56 for those, assuming the deal goes through with Abbott.
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