Will Rain Calcining rain money?

RAICAL: This is a stock which moves in sudden spurts. The idea with this stock is to buy and hold it for a while to take advantage of the spurts. We had issued a buy call on this at 35. During the previous week, there was news of this company doing a 500Million USD buyout of a US firm. Using the classic 'Sell on Good News', we disposed off 50% of our holdings at 49.

We would not issue a buy on this stock. However if you are holding this stock, then you can exit the stock when it spurts up. Ideally we are looking at a target of 55.