Q: I own it. Do you believe it will go up from here (now $41.89). I’m wondering if I should sell all, half or none. Thanks
5i Research Answer:
The deal is not done until it is done, and bank takeovers get highly scrutinized by regulators. For now, we would hold, but manage position size after the big gain. In other words, if an investor targets a 2% position and it is now 3+% with the big move, taking a little bit off the table makes sense.