Mr. 1955: It's anybody's guess since at this point it depends upon the feb. 14th results. However, if you want to take a cheap gamble you might want to buy some calls. I'm thinking of adding calls to my position - but I've been in BPAX for 4 yeas, so I'm really bleeding.
A stop order would work if the results come out during trading hours but if not and the news is bad on comes in after hours it will open way below your stop and give it to you there
Hi 1955, since BPAX has a number of catalyst that will impact PPS. I am looking at dividing it to three parts - 1/3 third out before February 14th (Bio-T-Gel PDUFA) , 1/3 out by June (prior to safety trial results are released) and keep 1/3 third in for the ride through the safety trials.
I won't maximize possible returns but I won't regret getting totally out at the wrong time.
Long term I can see myself re-investing for the GVAX play.