Medarex inc. (NASDAQ:MEDX)Q:When would be the time to buy medx? I heard that it was being acquired yesterday and it looks like it is up almost double this morning. please advise... Many thanks, MICHAEL
A:MEDX has made its move and now that it is being acquired, it will likely trade at or around this purchase price unless another buyer comes in or if the deal falls apart. Something that is not our place to predict. SmarTrend customers received an alert at $5.29 a few months ago and are now enjoying a nice winning trade. We actually reminded folks just yesterday of the bullish trend in this spotlight alert which is available on our website: http://www.mysmartrend.com/briefs.asp?storytype=sl&storyid=8263. That reminder was free of charge too. But the best time to buy, according to our statistics, is around the time we issue the initial trend alert.