Ariad Pharmaceuticals Inc fka ARIA

[JJM760]

But i have a big problem with HB. I don.t know how many conference calls i listened to about Rida this Rida that.
Now after the Rida fiasco i Don't trust HB. It seems a bit odd imo when everyone and everyone thought Aria would tank after the commitees review of Rida instead it went up. Why then the insiders ran for the door.

Drank too much CAB good night.

The mass direct sales are not at all pretty look at, but I don't think it has anything to do with TC's (or any other insider's) confidence in HB. Clackson still owns 233,000 shares, so taking a little off the table after a huge run is understandable. Personally, I am watching what happens now that tax season is over. If they continue to sell, I might change my tune.

As to Rida being a scam, I think that is a little harsh. It is just not that effective as single agent. Perhaps it will show it's effectiveness in combo. That remains to be seen. I am guessing that is at least part of the reason HB sold it to Mrk.

As far as HB is concerned, there is a line around the block (starting with Dew) filled with people who have questioned his style and character. Personally, I think he has shown himself to be very competent in his handling of the company in the last year or so. If your cost basis is low, you have done quite well under his leadership. If you are still around in a few years and 534 and 113 turn out to be blockbusters, you will want to put a oil painting of him over your mantle. BTW, it looks like he has purchased some 150k or so shares in the $15-$16 range recently. You have to like that.

I would refrain from drinking that cab during normal trading hours. It seems to get you fired up and may cloud your judgement. You wouldn't want to make a hasty decision at this point. ;0)

My recommendation to those here who are getting nervous and jerky:

If your basis is low, why not sell some and stick around with house money to see what becomes of the two drugs. Kind of like TC has done. FWIW, I still have my entire position. I was hoping for a nice pre-Asco run up to $20 range to trim off 1/3.

AT LEAST YOU GUYS HAVE STOPPED FRETTING OVER THE SHARE PRICE FOR A MINUTE. I AM GRATEFUL FOR THAT.