Bristol-Myers makes offer for remaining stake of ImClone, hold or sell?
If stock like ImClone, due to favorable offer the stop jump higher. Do you sell, or hold if you own it?
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If stock like ImClone, due to favorable offer the stock jump higher. Do you sell, or hold if you own it?
Welcome both fundamental and technical analysis.
Answers
437 points
NYInvestor answered 3 months ago …
For me it would come down to a few factors:
1. How long have I owned the stock? If it's over a year, then that would add to my reasons for wanting to sell. Reason being, I'd get a very favorable tax rate.
2. How has Bristol Meyer's stock been performing this year? If it had been performing well, I might consider holding. But since BM has been in a down trend all year, that also makes me want to sell. No point in watching profits evaporate as the new company goes through integration issues, etc.
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