Digene Corp. (DIGE)

News are out by Digene Corp. (DIGE):

Digene Announces 3-Million Share Offer

On this news stock goes down around 4% actually. So what to do? (Note: I own this stock on my weekly trading strategy)

Well, in an academic sense a new stock offering may be a sign of overvaluation. Who knows better about their own company than the CEO/CFO or other owner/insider?

To cut a long story short: I sold DIGE today 28,89 for a loss of 4,01%. Perhaps I will get in again, but for now I will keep it on my watchlist and wait for another buy/sell signal.