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Holding: HET

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Symbol Sector Return Exposure Trades Last Trade Status
HET Gambling 7.24%  n/a 3  10-Dec-07  Prior Holding
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31-Oct-07

HET Rationale

Holding Rationale for HET.

This is a merger arbitrage position that I opened in mid-August during the credit crisis. I expect this deal to be completed and will exit the position as soon as the stock trades above 89. As a rule, I close all merger arb trades within 1% of the target price. I would rather leave 1% on the table than have a deal unravel.

Tagged Stocks: HET

 

Posted at 02:58 in Holding Rationales  |   Permalink  |   Comments ()     |  Top

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