Well, I guess we'll have to agree to disagree on this one. I read that same alert and came to the opposite conclusion, selling approximately 20% of my position (all of my $10 calls instead of exercising some). BSR devoted four pages to the insider selling, and stated that shareholders following Gold and selling some of their shares was the only rational thing to do, and sticking with your same position wasn't.
In hindsight, I wish I had sold about 1/3 of my common, but I was going on precedent. The FDA had never reversed a positive panel vote in a terminal disease before.