Holding just 1k shares at 9, going to wait. I swapped my shares out of a trading account into my long term account on this news. Here is a quick comment for anyone that bought RIGL on this mornings dip:
On the CC last night, RIGL said that after they meet with FDA to go over the phase 2 trial results and design of Phase 3, they will be looking to partner BEFORE entering phase 3 trials but after FDA meeting.
What is good about this RIGL trade here is that if RIGL annouces they are entering phase 3 trials, and there is no partnership annoucement yet, the stock may still go up anyway because it’s advancing, and I will sell RIGL into that news. Not expecting any surprises on RIGL till this annoucement, and the daily movements after today does won’t interest me. Waiting for partnership. Good luck!
Welsh