Don't want to sound smug(though I probably will) but no, go right ahead and sell here-
It has been a tremendous run-up the past year, which has most recently been punctuated by what looks to be the continuation of major institutional accumulation, attendant short covering, and end of the quarter window dressing,
all of which may lead to either a lull, or pullback strictly on technical grounds.
Nevertheless, those same institutions may be accumulating because they know a little more than we do about the timing of a potential cascade of catalysts(reference the last few days of Ariad Ihub board)that may be(are likely to be) materializing sooner rather than later.
If you've been following Ariad at all closely, I think you'll realize that the 1.6bil Mkt cap is(despite it's rapid recent evolution)rather conservative.
The massive volume increase over the last month suggests that relevant institutions have concluded as much.
Disclosure: In case there's still anyone who doesn't realize it, this is, by far, my largest position, and I have(like Harvey?)yet to sell a share.
Best,
bw
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