Today was the battle of attention between two of my stock positions. Both $ARIA and $BLOX today required me to do a little thinking and planning. By the end of the day I closed up over $600 with a sale of one of these two.
$ARIA started off really strong surging to $9.13 shortly after market open and Ariad Pharmaceuticals earnings conference call. $ARIA released some great information in the call and talked about heavy expansion into Europe to include some 15 different countries however left some concerns about funding operations. Ariad did state that the company has cash available to fund operations through the early part of 2015. However, when questioned by a Bank of America analysts about how they would specifically fund further operations Harvey wouldn’t specifically explain if cash would come from public dilution. Continue Reading
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