Ann: Phosphagenics $19.3 million Capital raising, page-55

KC I'm fascinated that you already have a targeted exit price! Does that mean if it hits that price you're out?? Do you keep some just in case it really goes nuts ( read Syrah)?? To me and with all due respect it is the most basic of errors in human nature from an investing point of view to cut your winners and hold onto your losers! Nobody wants to admit they're wrong when it comes to a stock. Have you thought about a trailing stop (maybe 25%, probably should be wider for biotech) so that you stay in for as long as possible. Hate seeing people leave a truckload on the table because they thought it couldn't possibly go any higher.

IMHO of course.