I've sold 250,000 shares at a total loss of about $3K ... I still hold 50K at an extremely low price, so I'll wait it out. If I end up losing, it won't be much. Like Dew, I consider this a call option. Unlike Dew, I'll sometimes roll the dice...
I'm out of Elan (minus some dead-meat options) and I'm out of Dendreon (won't risk a 60/40 chance of stat. sig.). I'm very happily in big with INSM. Am looking forward to the next four months. Two weeks ago, I thought my best pony was GTCB.
You never know.