Saturday, September 22, 2007 6:35:58 PM
Somewhere around 1990/1992 I purchased the old CORX more than once at 56 to 59 cents a share and even though they always had irons in the fire, they were a long way away from drugs on the shelf, so I sold for a good profit each time. I buy stocks to make money and I am always happy to take a profit. If I leave some on the table for the next person, so be it.
I am guessing that by your user name you traditionally invest in dividend paying investments like Alltel, BMY, bond funds, ect. You are a long way from those, but you are learning fast. Cash, debt, and burn rate are priority #1 in this sandbox. (imho)
I believe that we are closer now than ever to either striking a partnership deal, or having someone go after them lock, stock and barrel. The only way to really participate in that is to hold a relatively large position and wait for the hand to be played out.
All that being said, should the price rise significantly from here I would not hesitate to begin selling off chunks.
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