Spectrum Pharmaceutecals Inc (SPPI)

[antihama]

$6, 7 or 8? Where is the SP going? My previous post on this a month ago was

$5, 6, or 7? Where is the SP going?

So from my perspective, we can remove $5 from the picture and start thinking about $8. My belief (no way to prove it) is that options expiration play games w the share price. And this Friday is triple witching hour to boot. Right now I see a battle between 6 and $7 for Friday w $6 winning right now but who knows $7 might make a brief appearance but I doubt it. So this post is really about what goes on next week and beyond. No news should keep the SP where its at now but the best thing about waiting 4 months for last weeks end of year and quarterly meeting is that we only have to wait 2 months for the next one which I think should show a revenue increase of a couple of million and a positive trend for Evomela. So sometimes between now and then we should be seeing $7. And who knows if there is any positive trial news coming out maybe we'll start seeing it drift towards $8. If not by the next quarterly (~May 10th) then after that.