Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of chemical maker Georgia Gulf
So what: Westlake Chemical
Now what: The market obviously thinks that not only is a deal likely, but the offer price will be increased considering shares are trading above $33 per share. That could very well be the case, but betting on takeovers is risky business. If you're sitting on big gains today, I would take some of it off the table to hedge the possibility that the deal falls through all together.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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