I hated it, but I had to sell Genetech (DNA) to Roche March 27, 2009Posted by deminvest in DNA Genetech, growth stock, nasdaq, Nasdaq stock, stocks.
I hate when a company that I like and that hasn’t given me my well deserved 40% gain is bought by some bigger fish.
This is what happened to my 12 DNA shares I had bought at $81 each in April 2007.
From various experiences, I realized that, when there is some company buying shares I own, it is better to sell them on the market before the sell out actually happens.
This mainly to avoid the paperwork connected with accepting the Public Offer and to avoid waitig ages before getting the money on my account.
This is why I just sold my 12 DNA at $94.25 each. I made a tiny $159 gain, which after all, nowadays, is not that bad.