Knee Jerks

The knee jerk reaction was to sell Thermo Fisher on news they were bidding for Millipore and the stock fell 7%. After all Exxon Mobil and Schlumberger got killed after making all stock bids. Nobody stopped to consider the possibility that they make a cash bid and not issue new stock. Thermo Fisher has now regained nearly its entire loss and I am now out of my position in its entirety.

2 comments:

Anonymous said...

that was a nice one...

Tsachy Mishal said...

It was a good way to come back. I was bracing for a slow start.