Replies to post #13709 on Aurinia Pharmaceuticals Inc (AUPH)

[rosemountbomber]

Last person to give anyone advice, but the one thing I would say is that it is possible the company issues a statement before the market opens on Monday. So no matter what plan you form now that might get derailed or modified by any announcement if an announcement is made. So stay with your ear to the ground.

[ScifiSailor]

I posted the following in a room on StockTwits at the end of September:

As much as I have enjoyed (and profited big time) with AUPH, I have started to execute my exit.

I am quite willing to take profits on a substantial portion (~30%) of my holdings, through covered calls at a strike price that may be called away, followed by selling in 5% increments with SP rise, until down ~25% of current holdings. Those I will keep until BO or it is clear that AUPH will truly go it alone.

I did something similar back with P3, taking profits as I went from 130K shares down to about 70K.

This won't give maximum in profits, but I believe in not being greedy or relying exclusively on BO.

Thoughts anyone?