Replies to post #65 on Vanda Pharmaceuticals, Inc. (VNDA)

[florida135]

Gery, welcome to you also. Nice to be able to read a few posts on this board, no matter how long we all keep our shares. I still feel that if this stock continues to rally upward next week, it will draw more and more "new" interest. There might be a danger in selling it "too soon", as we attempt to pick an exit point, as this stock might just go a whole lot higher than we sell our shares for. I've done it several times, and try not to check a stock too much after I sell it, not wanting to see the higher prices it's trading at. But somehow, I always look at it for a while, and say to myself, "why didn't I wait just a little bit longer"??? Picking the top for a stock is just as difficult as picking a bottom. We all have to do what we feel comfortable with. Regards, Florida

[surf1944]

After investing in biotechs stocks for nearly 25 years I have learned not to be a holder of a large position going into a scheduled FDA meeting. That said, if the stock has not run into the meeting I am more likely to hold some stock into that event and wait to see what the FDA outcome is. It will really depend on the price action this week on what my holdings will be come Monday morning. If the price stays current through the week($3.50) for the open on Monday, good news could see the stock open at $6.50+, the high from the last move, negative news open around $1.50, there is your possible risk. Again if we have a good short covering week we could see much of the positive news already built into the PPS. This is part of the interest in investing in these biotech events, you have to consider your risk come Monday. Again going into an FDA meeting there is no way to gauge what they will do(no way).

That said, the shorts have a nice profit in VNDA and the risk should be in their minds this coming week, it will be an interesting trading week for VNDA.

surf



surf's up......crikey