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Closing EXAS (Exact Sciences) underperform

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February 25, 2008 – Comments (0) | RELATED TICKERS: EXAS

I've resisted temptation to get out of this underperform earlier, and I've been rewarded with a 60% price drop. Right now, I really think I've got more to lose than to gain by holding the pick (only 30 more points to gain even if the price goes to 0). I'm tired of being nervous about the stock popping on short-term excitement over inclusion of DNA testing in some set of guidelines, even though I think long-term the company will fail. If there is another spike, I'll probably be there to short it again.

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