Palatin Technologies Inc. (PTN)

[RFB]

Will see if they can continue the move northward...keeps checking lower, but moves higher.....I would argue we have had some solid consolidation over the past few weeks after the large run up...now just a matter of what happens next. They dont really have any drivers for near term value minus maybe the Europe licensening deal...for the next year it will be nothing but burn on expanding pipeline and preparing drug for filing....In short, they will be burning a ton of cash with little value coming from it....no revenues from drug until late next year at earliest...