Axonyx Inc (AXYX)

[bigworld]

Merger Announced Today. Not enough details, but I have to think this is going to be a positive development going forward. I don't think any AXYX investor was happy with current management. I am sure Torrey Pines management will be in firm control after the merger. They have to be better than what we have now. The stock is rising from it's early low today as the news gets analyzed. It is dilutive to AXYX shareholders, but the combined company will have $80 million to work with. If progress can be made we can recoup our merger losses quickly. And Torrey Pines migraine drug looks like it has some potential. I'm going to hold for now and give the merger a chance to succeed. What do I have to lose at this point, 90 cents a share? Just a little above where I bought it late last year. It was a risk then. It is a risk now. I'll give them a year to see if there is any progress. I'm patient.