Trading Halt Play - ARIA

Played this on 4 May 06 (intra-day). I called it Trading Halt Day (for lack of better term). Read from Briefing.com at 9:55 am (ET) saying that trading for ARIA is halted.

Then read the following from Briefing.com:

04-May-06 11:22 ET
Ariad Pharm confirms jury rules in favor of ARIA and co-plaintiffs in Lilly NF-(kappa)B patent infringement lawsuit (ARIA) 5.52 : Co confirms that the jury in the US District Court for the District of Massachusetts has found in favor of the plaintiffs in their lawsuit against Eli Lilly (LLY) alleging infringement of the plaintiffs' U.S. patent covering methods of treating human disease by regulating NF-(kappa)B cell-signaling activity. The jury ruled unanimously in favor of the plaintiffs in finding that the claims of the NF-(kappa)B patent asserted in the lawsuit are valid and infringed by Lilly with respect to Lilly's osteoporosis drug, Evista, and Lilly's septic shock drug, Xigris. The jury awarded damages to the plaintiffs in the amount of approx $65.2 mln, based on the jury's determination of a reasonable royalty rate of 2.3% to be paid by Lilly to the plaintiffs based on U.S. sales of Evista and Xigris from filing of the lawsuit on June 25, 2002 through Feb 28, 2006. The jury awarded further damages on an ongoing basis, in amounts to be determined, equal to 2.3% of U.S. sales of Evista and Xigris through the year 2019, when the patent expires. The co-plaintiffs are Massachusetts Institute of Technology, The Whitehead Institute for Biomedical Research, and The President and Fellows of Harvard College. (ARIA is halted.)

I expected the stock to gap up then drop somewhere mid-way. Since this was going to be a very quick play, I was had prepared my 2 PCs for the play. At 11.50 ET, trading resumed. The stock behaved as expected. I short the stock as the stock came down after it gap-up. Made about $0.33 per share on this play. On hindsight, I should have closed some position (lock-in some profit) and left some to ride the wave instead of closing all positions. Anyway, it is still good money (about 4.5% returns for less than 10 mins effort). Below are the intraday 2-mins chart (on the left) and the daily chart (on the right) for reference.