Well I nearly bought back into MXG when it dropped to $3.80 ... but I can give a few examples of takeovers when I have been on the money ..
I bought Flight Centre in October last year, and sold them a week later at $17.18 on the day the announcement was made. FLT are currently at just under $17
I also held REB for a couple of months after an annnoucement was made to buy them out at $4.60 ... but could not see the point for holding on the shares for an indefinite period of time waiting for that to eventuate and sold them at $4.50
I guess my experience is that "a bird in the hand is worth two in the bush" ... If you can get a good return now take it but DYOR
... I also managed to sell RIN 2 weeks before the speculation arose there and I won't even mention QAN
MXG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
