Dvax is my second largest position. Can you guess what is my first? ;0) My basis is fairly high at $4. I watched a nice gain go poof as well. I believe the ass kicking was a little perfect storm like scenario. They announced an offering and the CEO leaving on a bad market day where risk off was the flavor of the day. There was a decent size short position as well (19 million I believe).
I know they are doing the "go alone" dance, but I am thinking they are a pretty good buyout candidate.
Did you ever buy back in after the Rida back up? Wasn't much of a chance to grab it in the $14's. Hope you were able too. From the sounds of the last CC, sounds like they think they have the goods with 113. The patients on the Inspire board that are in the trial are going to be showing signs of efficacy soon. To my knowledge, one has already. The fact that these assholes on the Ariad board are posting links to cancer patients posts on a NSCLC board makes me sick to my stomach.
Regards, Joe
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