Replies to post #3750 on Idenix Pharmaceuticals (IDIX)

[Flowing]

Thanks!

To be honest, I bought IDIX around $12 but a long time ago when BMY bought out Inhibitex and some people said IDIX could be bought out for around $25 per share with the same type of valuation. I didn't sell when it was clear it wouldn't happen right away and also didn't buy more shares when the PPS was around $3 to average down. Still, that's twice what I paid for the shares.

A few months ago, I found strange that IDIX went up to more than $9 on not a lot news so I didn't sell and then, Seth Klarman, the billionaire hedge fund manager, bought a lot of shares at $6.20 which was quite a high price considering IDIX went down to $3 several times and I found it "suspicious", like he knew something, so I held. :-)

For the rest, I'm not trading very much anymore as I'm busy with other things and can't do much DD but, in any case, I'm a bit wary of this very long bull market.