I closed out of my ZIOP position recently with a profit as market cap has moved up quite a bit given all the offerings and the share price bumping up a bit. Hopefully I don't end up regretting that. But, the Intrexon deal seemed to come out of nowhere and the initial data reported at ASCO on the technology didn't seem like anything groundbreaking. It may turn out to be something over time, but I thought I could put the funds to better use elsewhere in the shorter term. Also, there will be the Phase 3 pali binary event in 2012 and, despite how much I liked the Phase 2 data, I didn't want to be in the stock around that time anyways since I generally avoid the Phase 3 readouts.
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