Hi everyone and Happy 2012!
I need some advice as this is waaaay out of my league of knowledge. I had purchased on a dollar cost averaging basis some Pharmasset stock (VRUS) and since they are being purchased by Gilead, Inc I have been approached to sell my shares to them at $137 per share.
Now I am inclined to do so as I feel that although I have more than doubled my investment since August that a good thing can't be good forever. I also feel like maybe with my limited knowledge I should count my blessings and sell. I really don't think I have any business in there playing with the big boys.
Heck, I could use that profit for something special, although I don't really have anything "special" I want to do right now...
VRUS is going up steadily though (again)... am tempted to sell half which would bring me a profit from my initial investment anyway and just leave the other half and see what happens. Mind you, this investment I always considered my "allegria" account, it has no bearing on my fixed fund investments and would not have any detrimental effect on my lifestyle should I lose it all... only on my pride.:cool smiley: I bought this stock particularly because of their research into HCV and because it was such a small company with a very good product. Now it is being eaten up, so my motives are no longer valid, but I do like the profit!
What would you do in my shoes? Hope I have given enough info for others to comment.