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ACHN! Gesundheit

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Looked at ACHN back in June and thought it might fall below a dollar. Well, it hasn’t yet. I set a 99 cent alert but it never went off, nor did the 20% drop, which is what brought it on my radar to begin with. I see that the major investor, Investor AB hasn’t sold, and that they also own a big chunk of AstraZeneca, which makes me wonder if they are doing more than the long-term single play, but going for the double of merger. So I am upping my alert to $1.50 and setting a limit at $1.40, hoping to turn around and sell off some at $2 and keep some for a sunny day.

Cheap, Lazy Reference links: Yahoo! Finance, Wall Street Survivor, Motley Fool CAPS, TheStreet, Google Finance, MSN Money
  1. admin says:

    Set sell at 2.80 with alert at 2.40

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