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Biotech / Medical : Immunomedics (IMMU) - moderated

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To: erickerickson who wrote (62873)10/31/2024 3:45:09 PM
From: Olecranon  Read Replies (1) of 63324
 
This news is really good.
Still, I sold half my position at $10 on Monday afternoon.
I may live to regret that (the price is currently consolidating around the new highs), but I don’t have a lot of faith in this market. And I’ve not been overly wedded to Monte Rosa. Maybe someone can tell me why I’m a fool for not buying more.
My current thought is to consider adding to my position if MR eventually closes the gap up that occurred on Monday. That may be very unlikely given the quality of the IGN on Monday, but in this market it seems at least plausible. In the mean time it’s always nice to have more dry powder. My sale on Monday makes my current GLUE position free.
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