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I hated it, but I had to sell Genetech (DNA) to Roche

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deminvest

March 27, 2009

I hate when a company that I like and that hasn’t given me my well deserved 40% gain is bought by some bigger fish.

This is what happened to my 12 DNA shares I had bought at $81 each in April 2007.

From various experiences, I realized that, when there is some company buying shares I own, it is better to sell them on the market before the sell out actually happens.

This mainly to avoid the paperwork connected with accepting the Public Offer and to avoid waitig ages before getting the money on my account.

This is why I just sold my 12 DNA at $94.25 each. I made a tiny $159 gain, which after all, nowadays, is not that bad.

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I hated it, but I had to sell Genetech (DNA) to Roche « Democratic …

March 27, 2009

[…] I hated it, but I had to sell Genetech (DNA) to Roche « Democratic … […]

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We, small uneducated investors, will always be the last to know what is really happening. Trading this kind of stocks exposes us to the risk of becoming food for insider trading sharks, who do “somehow” know what is really happening

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I hated it, but I had to sell Genetech (DNA) to Roche

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One response to “I hated it, but I had to sell Genetech (DNA) to Roche”