ImmunoGen Inc (IMGN)

[skitahoe]

Honestly my position is much bigger than I ever planned, but I'll never say that under the right conditions I won't buy more. I do believe that if the buyout goes through at this, or higher prices, I should diversify into one or more additional stocks. I want to look at other options.

If NWBO does what I believe it will, I'll probably go into more of a wealth preservation mode, stable stocks with substantial dividends. I don't want to make such a move until I'm well into 7 figures, but it's a lot closer than it's been in some time. I really believe that NWBO has nearly unlimited growth potential, if it's not bought out. I can't say that I believe IMGN to have that much potential, but certainly believed it could match or exceed SGEN in time, and I'm sorry that won't be allowed to happen. I still think IMGN's technology is superior to SGEN's in at least some of the areas they've chosen to attack.

Over the years IMGN often acted before they could get maximum value, frequently with offerings just before major gains in stock prices that were predictable based on what they knew was coming. I believe this buyout is much the same thing, they're finally in position to really grow, and they're selling out too cheaply. I'll live with it if it goes through, but hope the Institutional owners feel the same way and say no, we want more.

Time will tell, I'm open to ideas.

Gary