BIOTECH MADNESS

[jdoe]

A while back I made this post POST 1
Then I made this post POST 2

I decided to just buy. no options

I suspect:

1. That the FDA will grant approval on the item they are testing.

2. The shares of the stock will surge on the news. Based on the following data:

Share Statistics
Average Volume (3 month)3: 395,908
Average Volume (10 day)3: 696,575
Shares Outstanding: 26.78M
Float: 24.60M
% Held by Insiders4: 2.53%
% Held by Institutions4: 30.60%
Shares Short (as of 10-Oct-06)3: 6.32M
Short Ratio (as of 10-Oct-06)3: 17.5
Short % of Float (as of 10-Oct-06)3: 24.20%
Shares Short (prior month)3: 6.32M

3. I also suspect when the shares surge, they will get overbought and correct to a proper valuation and a big Pharma Co buys out the company in 12 months.


My question is how would YOU go about picking the right point to sell?

*I am not interested in a debate of points 1 2 or 3