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Biotech / Medical : Rigel Pharmaceuticals, Inc. (RIGL)
RIGL 28.30-7.7%Nov 4 3:59 PM EST
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To: mopgcw who wrote (437)5/6/2009 11:12:15 PM
From: mcbio  Read Replies (1) of 566
 
I actually now intend to wait until after Phase 2b results are announced before adding to my position. I think that is the safest play here, because the stock is unlikely to soar IMHO after the Phase 2b results are announced. Rather, I think it will get moving once a large partnership is inked, assuming positive Phase 2b results. I think investors want to see large pharma step up to the plate to quell the safety concerns.
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