Latest financingI'll be the first to admit that I misread the signs pointing to today's announcement. As much as I would like to put a positive spin on it, I don't look forward to another year and a half twisting in the wind waiting for the beginning of clinical trials.
This morning was a reminder to me (and anyone else who has their day's emotions dictated by the gyrations of a penny stock) that I probably have too much invested in this play. I wil be looking for future opportunities to take some off the table.
I realize that I could be playing into the hands of those wanting to accumulate at this price but I am now in the camp that feel this stock may be stalled here for some time and while I have no problem being patient with a small percentage of my capital, I prefer to have most of it in plays that have a shorter horizon.
Alan