I dipped into 1500 shares of Celgene at $89.80
Looking at about a 11% return if the deal is valued at $100 per share. There is also a little bonus item that may be worth a couple bucks a share but I don't know how to value it.
It has some downside risk yes, but certainly not a risk of total loss or even a 50% loss. I estimate the downside risk to be about $20 a share with a low probability.
Anyway, I couldn't find anything else in the market that interested me a lot at this valuation. I guess I could buy puts like some of you but when does that every really work out?
Looking at about a 11% return if the deal is valued at $100 per share. There is also a little bonus item that may be worth a couple bucks a share but I don't know how to value it.
It has some downside risk yes, but certainly not a risk of total loss or even a 50% loss. I estimate the downside risk to be about $20 a share with a low probability.
Anyway, I couldn't find anything else in the market that interested me a lot at this valuation. I guess I could buy puts like some of you but when does that every really work out?