ain't that something Jaguar, I currently also stand up over 100% since March. my 09 returns were over 90% and this year I am already up 23% from jan 1.
by the way, I expect a bidding war for Novell after an unsolicited $5.75 per share bid arrived from Elliott Associates. I have a sell target of over $12 for Novell, and $5.75 seems like a lowball offer, and as such, usually gets an 'auction' going... Elliot already owns over 8% of Novell, and this is a strategy often employed to stir up other interesting parties in this company to outbid them. IBM, Microsoft and Oracle could all become active in the bids.
Elliot has successfully done such maneuvres in the past where they show takeover interest, only to get out bid and leave a deal up some $$'s from where they started. On the other hand, that raises some doubt to whether Elliot is in serious or not. Given that Novell has about $2.50 per share in cash, nominal debt and annual sales of better than $800 million; this is an attractive company to own. Okay, they do have difficulties with the bottom line, and it wouldn´t be surprising to see this enterprise be more successful under new management.
So anyways, I'm sitting back and watching what unfolds. trade volume is normally under 5 million shares, it's spiked on both the buy and sell sides up to levels around 141 million... I'm reasonably confident that more money will be placed on the table for this company.