Wednesday, August 19, 2009

Scaling out of NEPH

I sold half of my NEPH between 2.02-2.05 yesterday. Missed the pop today with those shares, but I'd rather lock in profit in case there's a selloff . I think people are buying in anticipation of news of an FDA approval coming out tomorrow. If there is no approval, I think we could see a big retrace. If so, I'll buy back the shares I sold.

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