Peewee, I think the story has changed, or if not changed, its crystalized.
ANX is acting like a publicly funded PE firm. An MLP for bio-Pharm acquisitions.
That makes it a much more volatile, much longer term play. I wouldn't want to be a trader of this one anymore, it's like playing poker against the " big fish ". Especially when they get a free peak at the " hole cards".
If your horizon is longer term (3-5 years), I think works to your advantage.
Tough tough cal on ANX from here.