Ariad Pharmaceuticals Inc fka ARIA

[lax20m]

I think 9 is about where I would buy too..... well maybe a little closer to 10. I thought about buying calls today but I thought to myself why? I have a huge ariad position as it is and personally, I see Ariad following the Macro market for the time being. When we get another catalyst Im sure we will take off but right now we have to wait, and Im not comfortable that the macro market is going to bounce. I think the S&P and Nasdaq continue to see losses through august. With that being said, if this thing tanked down to 9, even the high 9s I'd probably be a buyer.