Palatin Technologies Inc. (PTN)

[RFB]

Just experienced a huge lot (200K plus) at .75 price point on the bid....may have just found a new ceiling for the time being. The more concerning point is the MACD is diving south along with Dist/Accum indicator is point back south again as well. Stronly suspect as the security reached up into the .70/.80 prices, the warrant holders choose to convert and dump some into the market and while momentum/hype kept it elevated for a few days/week, the conversions and reduced volume is now letting the security settle to a more reasonable price. Expect this to continue and to eventually move back under .70 where it will loose any and all conversions...