Celsion Corp. Message Board

  • daviscupper daviscupper Jan 30, 2013 10:31 PM Flag

    Longs: I think the results will be very positive...

    I am astonished by the number of posts regarding my selling of shares. Amazing. The story of Celsion and ThermoDox is much bigger than my, relatively small position in Celsion. Others on this board have million dollar positions, not just a few hundred grand.

    Did I sell a large portion of my portfolio over the past couple of days? Yes. I think it was a prudent move. You many disagree. Well, ask yourself this question. If you made between $200,000-$300,000 in profits would you risk it all in front of a binary event? I seriously was thinking about doing so.

    What changed my mind? Maybe nothing significant but to me it bothered me and I wrote about it. I did not like the cancellation of the Cowen Healthcare conference and Celsion's belated reason that it was due to a double-booking oversight with a previously scheduled Board of Directors meeting. I gave my reasons. I intially sold on the news, bought back later in the day, but when the pps started dropping the next day I sold quite a few shares.

    I did not try to hide this. Some for whatever reason claim I deceived people or I only announced that I sold shares after the market closed. Nonsense. I told people about it just before noon today, at 11:59 AM to be exact. Look it up. Here is what I wrote:

    "Yes, I have taken a lot of the table. I have been lucky here. I bought in after a major dilution and after the largest shareholder, Mangrove, (Nate August) sold everything. My first buy-in was 72,000 shares at around 1.75 per share and took 5-6 hours to complete."

    Since I want to keep most of my profits even under the worst case scenario I recently decided to take a lot off the table. I looked forward to doubling or tripling my profits; however, I, rightly or wrongly, have become a tad bit suspicious. A week ago I thought successful results were in the 95+ percent range. Now, with the cancelled HC conference questions, which are likely to be non-issues, my confidence is down to the 70-80 percent range. I don't like those odds. Crazy, I know. But I try to bet only on "almost" sure winners."

    I continue to think the chances are great the results will be positive. I will likely buy back in on any pullbacks, dependiing on the results. I look forward to positive results and making even more money. Someday I hope to be in the league of dmlongk etc. Also, for personal reasons I want to see how well the model performs, and award winners their excellent wine.

    Here is to great results.
    Cheers and GLTA longs.

    Sentiment: Hold

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