Replies to post #6826 on Ariad Pharmaceuticals Inc fka ARIA

[JJM760]

I would rather take a shot buying puts on a spike rather than sell the common. Don's list of catalysts is pretty much my belief as well as some other extreme possibilities.

I would hate to sell my initial shares (after having held for almost 2 years), only to have something drive the pps up way higher while I'm standing on the sidelines waiting for a lower entry. Also, I'm sure many here are now in the long term capital gains rate with most of our positions. Selling resets the clock. Should the pps shoot up in the next 12 months and you wan't to sell, you will be paying some pretty substantial taxes.

"You think too much of me kid, I'm not that clever" - Virgil "The Turk" Sollozzo

[qutrader]

I've been selling about 15% of my holdings the past few days only to buy back on the small dips. For example, I sold a couple days ago at $8.14 a to buy back at $8.01. I did the same yesterday selling at $8.30 to buy at $8.20. The sole purpose has been to gradually increase my shares, not take profits. I've been holding since the $2s, adding along the way, so I won't sell more than 15%, because of the concern that it could take-off on news and been here too long, to lose out on the big run (if it comes). I'm also trading in my IRA, so not concerned with holding period.