Ariad Pharmaceuticals Inc fka ARIA

[bellweather1]

Too true-

if this is "the woodshed", they're using a velvet paddle.

Basically, we're just mirroring the IBB, which, as most of us realize, is a dramatic improvement from the high beta declines we used to experience up until relatively recently.

A lot of well respected biotechs are really taking it on the chin today(e.g. Incy(at 18.64,-6.67%), which I used to think of in comparative terms with Ariad, but no longer), but Ariad isn't one of them.

Concerning taking further positions, something in the low 22s would tempt me.

Regards,

bw