[isatrader]

News just came out today that one of the stocks that I am holding CADX is being acquired. As a beginner, I am wondering what I should do next?

I've only had to deal with one takeover personally, and it was a lengthy process that took over six months from when the stock taken off the market and the deal finally closed and money was put back in my account. So I had no idea what was going on during that time and the money was locked up. Others will have had different experiences, but if it is trading at the deal price of $14 then it's likely to be locked there for foreseeable future unless they can negotiate a better price. So it depends whether there's any chance of a better deal imo to whether you'd sell early or wait for the deal to go through imo.

Find out more information about the deal before you do anything. Oh, and well done, as it was in a strong Stage 2 uptrend before the deal.

P.S. I think goodtyneguy had to deal with a recent takeover in MAKO, so would be worth asking him about that.