Hi younasm,
my ist reaction is I'm no expert - dont ask me, ask Mr O , or one of the others.
But as we seem to be among the bullish here but, I've absolutely no view on LGEN and I've never studied this company. I don't much like trading stocks with prices under 300p either. Only one I hold is BT.
I am running a 460 straddle on PRU, and its well up today, I don't rate the insurers are obvious benefitters in a bull market, I'd be looking at TMT stocks yet again! plus Banks and commodities. My voes of PRU is therefore fairly neutral.. is this the case with Lgen?
we can only but wait and see, but good luck your trade
regards
H.