Had sold off half of my 100 ACAD leaps $15 strike. And yesterday late afternoon exercised 50 of them. So I'm long 5000 ACAD shares at $27 cost (I paid 12 for the leaps). It felt good to rip those 5000 shares out of the hands of a call seller. Emotional yes, but it was sweet nonetheless.
I really love ACAD even at 40+ it is extremely undervalued.
I was thinking about the Baker Bros and how they must feel. Vindication! to say the least. They are going to make an unseemly amount of money on this investment.