I now see the rest of my message was cut off yesterday (stupid less than signs!).
"Total sold was less than 10% of total holdings. I see this more as BVF just moving things around, but I wouldn't fault them if they tried to shake the tree to trigger a panic so they can buy back the shares cheaper in their newer funds. Longer term, with their performance and new rules on advertising (if they do) I would not be suprised to see their NAV continue to grow and more of it to go to $LGND...which is already thier largest position by far.
On the bounce off the MA(100)d and retake of $40 mark, we added back 1/2 of our T2, and likely to complete the rest in the next 24 hrs. Our T2 & T3 got stop lossed when we closed below the MA(50)d.