Out of Arcan
I sold out of the rest of my Arcan position this week. I took the rest off at $1.18. This was after I had sold the majority of my position a couple weeks ago (September 11th) at $1.25.
I had difficulty making up my mind on the stock. The company could, get taken over any day for a premium, and if that happens I will be kicking myself. But I could also be sitting around for a long time waiting for that day.
I bought Arcan at $1.50 in July. Thus, I’m taking a loss of about 20% on the sale.
The deciding factor for me was this chart, from a BMO research note on the company released two weeks ago.
Reminiscences of a Stockblogger 
