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Biotech / Medical : ATIS is on the move!
ATIS 0.1000-47.4%Apr 14 5:00 PM EST

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To: Marshall Teitelbaum who wrote (2178)10/4/2001 7:28:31 PM
From: Gary Stern  Read Replies (1) of 2205
 
Your post makes some good points. I'm long for 5 years with a good sized position. While I would hate to miss the one great winner of my life, at some point, with a 3.5 ave. cost I would be compelled to sell. Have you formulated exit points or are you just in the hold and see mindset.

I keep thinking that if I sold ATIS every time it hit 6 and I bought every time it fell to 3.5 I would be a very rich man given the size of my current investment. I think one can have faith in the company and still be prepared to sell and wait for a reentry point. On the day it spiked to 15 when the cardio patch was announced I was out of the office and my sell orders missed the falling price. I wanted to be out at 12 that day; which would have allowed me to buy back in a few months with a position almost 4 times my current holding. The thought of owning 50K of this co. today would do a lot for my retirement planning and I wish I had been around to have my prior sell order executed.
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