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Too late for me. Sold 1/5 of my position today. Just a little. My thinking is that LGND is looking very cheap, especially if I can get it under 11 1/2. My experience of CYTO is that it strongly tends to bounce between 5 and 6. Now that it broke 6 and went back down, I'd be surprised if it got back up there in the next few weeks. If it does, I'll still make out nicely. Possible that the launch of quad will give it a bounce, but I don't expect much movement up for a while, a couple of months, anyway, unless we see an analyst rec. After 2nd Q earnings. Probably more like after 3rd Q earnings. Meanwhile, I think its more likely LGND will rise during that time with the leptin announcement supposedly coming within the next month. Remember, its only 1/5 of my position. So that is my thinking, V1. If I had more money, I'd just hold the CYTO, but I don't want to spread my margin too thin. If it goes all the way down to 5, I will see if I can pick up more. 4 times now, in the last several months it has gone from 5 to 6 and back. Have a good one. |
