Uh oh, now I'm really in over my head...
Thanks for the kind words Rick. I do get
a little carried away--sometimes when
I'm on those graveyard shifts there is
a pretty strange brew of Albuterol,
coffee, diet pop and Cheerrios flowing
through my system--the combination
has a way of switching on the madness
gene. I have an elegant solution...I pass
out when I get home and sleep til after
the market closes--does not even require
the small molecule activator.
Folks should not interpret my excessive
activity on this thread for wild enthusiasm,
that has long since evaporated. And my 2500
shares represents a pretty modest percentage
of my basket of these critters, especially when
I total in my wife's brokerage account too--
which as I have mentioned is now Ariad-free.
The warrants at 1/16x3/32 are certainly not
the sort of thing a person can trade away if
you change your mind--in fact, it looks like
I was fortunate to have been able to sell my
wife's warrants for what I paid.
Today's market activity suggest somebody is still
doing some selling--looks like about 100k shares
put pressure on the stock late in the day. If I
were coming to this stock fresh, without the
cynicism which has built over the last year I
should think that this would be a very good place
to begin a "one third" position...and then buy
another third around September when the dilutive
effects of the convertible preferred shares will
have finally ended. Then add a final third when
the ol' recap query shows a few colorful bars
marching across the screen.
But if you have been with this stock for awhile
it would most certainly be best to just walk away.
If I'm all wound up tonight, I may summarize the last
200 posts, but with so many from me, perhaps not.
And then, I will try hard to just walk away from Ariad
If any lurkers have a strong opinion why this is not the
right call, and you feel compelled to throw the ol'
lunatic a bone, feel free to PM me.
Anybody at the company who reads this posts and
feels I have not given this stock a fair enough
hearing, I would be honored if you chose to
email me--I hope I have not offended anybody, or
my choice of words from time to time has not hurt
anyone's feelings--I'm certainly not qualified to
judge anything but the persistent direction of the
stock price.
Mike.McFarland@worldnet.att.net |
