Since I won’t be here to follow the minute to minute movements of these stocks, here is an update before I go on vacation, and will update this again Mid August.  I swapped a little CLDX here for RIGL to balance it out a bit today:

ARNA - 5k, 4.57.  ARNA has a financial CC on monday.  Should be a non-event.  HOWEVER, listen closely to see when BLOSSOM results will be, if they disclose.  The last communication with public was late september.  If they move up that date, could be viewed as bullish, because OREX moved up their data date.  Right now, plan to hold all 5k into BLOSSOM.  Stop 3.57.

ALXA - 10k, 2.45.  Holding this till Wed, Aug 5th, when ALXA going to update their pipeline with a CC.  Likely to sell all ALXA before this call.  This is more of a timing trade than a price trade.   Mental stop $2.

CLDX - 4k, 7.58 average.  There is a financial CC on Aug 5th.  Should be a non-event.  CLDX needs to complete the CRGN deal before it moves forward, should consolidate in the 7s for some time.   Mental stop 5.99.

RIGL - 1.5k, 9.07 average.  Pretty straight forward position, going to take months.

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.  Hard stop 6.50.

Closed out of LAVA and SQNM last week for gains.