Wednesday, September 7, 2011

Dendreon - time to cut bait

I am selling all remaining shares of Dendreon in the Port24 - today's current price is $11.58. This is at a steep loss to the buy in price, but I simply have no patience for mgmt anymore.

I certainly hope I'll be buying in again at some point, but what with mgmt indications from the last call that they will be letting folks go and the unwillingness to throw out any kind of revenue estimates, I cannot urge a position here at the present time.

Regards,
Trond

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