Ligand Pharma Inc Roche Contingent Value Rights (LGNDZ)

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Not trying to tell you how to play this one , but a stop loss at $2.00 thats letting a 25% gain go to waste. Think about it ..

Id use a trailing stop instead of a stop loss and if it were to drop over 12% (.32 ) then I'd exit and wait to see what it would do next.. If it continues up , so does your trailing stop .......No use making a good gain just to lose it all.

Now if you already have taken some profit I might think different .... Of course its your money and your play, just hate to see anyone lose some good gains....