Who Doesn’t Like A Rumor?

Through the course of the day and the week I hear many a rumor as you guys probably do. It comes to me from various sources, traders, sell side guys,briefing.com,tradethenews.com,hedge fund analysts just to name a few. I thought it would be fun to list the ones I have heard about. I’m not sure if I will do this daily or on Saturday yet. I’ll see how it goes. As you already know it is suicide 99% of the time to trade takeover rumors so don’t be stupid. However some of the companies that get mentioned do have good charts and good fundamentals so do your own due dilly and look at the option activity. Here are a few that I heard the last couple of days. If you would like to see this as a regular post please let me know

ATT to buy AKAM around $50
Tracinda to buy MGM
Novartis to buy VRTX
Blackstone to buy RX for $5.6 billion

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