Thanks Rim I appreciate your thoughts. Haven't heard from Jokal. Maybe he took my own advice and is even now lying on some island and just waiting out the meltdown.
As to your question: 'which makes more sense, making a quick buck from a take-over or making capital gains as the stock go up over time?'
Either would be really exciting. If the stock goes up then I can continue to trade it all the way up. But a takeover would be nice and neat depending on the price of course. So long as one of these two happen then I don't care.