Chordiant Buy-out

Well we were correct that CHRD was CHEAP. Got a take-over offer from Pegasystems this morning–but only for $5 a share. Press release reads like it is a done deal. Guess they ran from the other low-ball offer into Pegasystems arms.

Oh well, we will take our 35% gain or so (in just under 2 weeks from our recommendation) and go home. SELL at $4.90 or better.

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