I may come to regret it, but with the current price now over double my cost average I closed 20% of my position. If ISIS comes back in I have some room to reload. If it goes up I have some cash to put to work else where.
A 9 MILLION share public offering is NOT the kind of pull back anticipated. Should have bought some puts with the 20% - They better put that money into creating exceptional short term return on investment. Over a billion in milestones with royalties coming from Kynamro, and now a public offering of almost 10% of current shares. Unbelievable.
Did the same thing with SIRI and now own the shares "Free and clear" with a nice profit, which allowed me to purchase more ISIS. As I said above, if it pulls back I can reload, if it doesn't I can look for another stock I really believe in and would like to follow.
Pigs Get Slaughtered, I invest for fun and to make money.