If you can figure out a good approach, please let me know and maybe I'll be following you into trades. Maybe I'm the one who's doing it wrong. Keep me filled in. If you play one that way, I'd love to follow along with your thoughts in real time.
The one other risk I can think of is the shares don't always trade up in price when the deal gets done. I've seen the stock trade at $11, then the deal gets announced, market doesn't like it and stock trades down to $7, and by the time the deal closed it was trading in the 5's. The other thing is I don't know if ALL deals offer to redeem, so I think that's another potential way to lose.
But seriously, I'd love to follow along in real time if you try one. Good luck with whatever approach you go with!
News 
Market Data 
Discover 
