Ocera Therapeutics fka OCRX

[longx]

Mallinckrodt is now owning over 12% of Ocera:
https://fintel.io/i/mallinckrodt
As the majority shareholder of 8M institutional shares, it's 100% certain that the deal will go through.
https://fintel.io/so/us/ocrx

I increased my holding by nearly 200K shares between 11/05 -> 11/09 with an average price of $1.69/share. The reason I'm doing this:
1. Tax advantange: When the deal closed by the year end (hopefully after 12/10), as the shares being canceled I will receive only $1.52, so the difference $1.69 - $1.52 = $0.17 (which is not subjected to wash sale) will be claimed as capital loss, which can be used for offsetting a portion of the capital gain I received from the original shares I owned before 11/02.

2. The 1st & 2nd milestones should be achievable by the end of 2018 or Q1/2019, therefore the investment of only $0.17 (pre-tax money) in order to receive at least $0.70 (or almost 300% gain) in 12 -> 16 months is definitely very attractive.

If you decide to so the same like what I did, please make the date you purchase shares at least 30 days before the date the Ocera stop trading (as shares canceled) or will be considered as wash sale.