Back in June we said it was a good time to take 50% of your wins and ride the rest of your position until further developments. Today with Portage smashing through $.60 we feel the time is ripe to sell your remaining 50%. There is quite likely still some upside left with the Biohaven situation but we do prefer to bank a very good trade as opposed to trying to squeeze out every single nickel and dime.
When the dust settles and the deal and price are very clear, we will revisit Portage at a later date. I’m guessing there will be a round 2 for Portage starting in mid 2018.
This position is now closed. Our subscribers have enjoyed a possible 22X return.