I had written three weeks back on Nordion.
I had also posted this on value buddies.com
There was a valid argument on valuebuddies, that i should be wary as the stock had not broken 10X in the last two years.
Instead of cutting the trade, I doubled up on the share at 10.56.
The logic was that instead of harvesting the share, if I am convinced enough about it, i should double my position if I had conviction.
Accordingly, I had doubled my position on 26th March 2014.
Now, there is news that Nordion is likely to be accquired .
At the purchase price of 11.75, the ROC is 11.2%.
Chances are that there will be few such trades of mine which will have a positive outcome.
However, I am quite happy with the decision to double my position.
There is some element of luck as well in your investment decisions, as by right, I should have sold off at 10.