I sold out of NNDS and PSPT because the expected rate of return until the takeover deals close is less than my rate of margin interest. Yes I'm paying too much interest... Over time, I'll reallocate capital to my cheaper broker (Interactive Brokers). I also doubled my position in CHN. That's only about a 1/3 of the proceeds from the sale of the other two stocks.
Gain on my most recent NDS trade was $820.97. Total profit from trading and investing in NDS totalled $1826.84. The internal rate of return since the beginning of this calendar year has been 154%! PSPT is being sold at a loss of $555.94 or -29% at an annualized rate.
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