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Kass: I Nailed It on My MER Trade

Kass: I Nailed It on My MER Trade

Before BofA announced its $29-per-share bid for Merrill over the weekend, I made my own play for the shares at $17.50 on Friday.
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This blog post originally appeared on RealMoney Silver on Sept. 12 at 9:44 a.m. EDT.

I added to my long rentals this morning and initiated a trading long in

Merrill Lynch

(MER)

at $17.50.

So you know.

Doug Kass is the author of The Edge, a blog on

RealMoney Silver

that features real-time shorting opportunities on the market.

At the time of publication, Kass and/or his funds were long Merrill Lynch, although holdings can change at any time.

Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Short Offshore Fund, Ltd.