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And where is the volume???
Sheesh!
The same way it happened the first time. Wasn't there an announcement around the time of the original trial result after the $30 million loan was secured to the effect that, going forward, there would be no more dilutive financing?
IMO, an overlooked catalyst for PPS movement is an announcement that there will be no more dilutive financing.
Another day of stellar volume. I just don't understand how they manage to keep a lid on the PPS with all those buyers lined up.
I can't believe they are holding the price down on all this volume!
Seriously.
Maybe the company will raise so much money with ATM sales that they will become a takeover target based on cash position. ;)
It does seem counter-intuitive that they would be re-starting from square one. (All IMO, of course. I've never been privy to how these deals are negotiated.)
CP,
As one who appears to have extensive trading acumen, what do you think of my anecdotal observation that the PPS nearly always gets "jerked with" prior to a run up? Or more importantly, do you think that current trading patterns look like this is being jerked with at present?
Don't expect a conference call. King and Lytle are too busy arguing over who gets to drive the clown car today.
Is there any conceivable deal out there crappier than putting up with this management team?
I'm far from an expert, so would you educate me on how the trading patterns are remarkably different now vs. "back then?" There's probably much more HFT/Black Box influence now, but the PPS still seems as volatile as ever. Btw, short term, I'll take 30 bucks. ;)
Looks like the classic jerk with the SP scenario. Anyone recall the Dec '99 - March 2000 period? $1.33 to 70 bucks!...(and right back down, of course.)
I predict that the gap to $5 will be filled when we have some buyers. ;)
There is no legitimate purpose for naked short selling IMHO. The "liquidity" rational commonly employed is complete B.S. The only purpose is to distort the supply curve to prevent natural price escalation.
Black box algos whipsawing the PPS on a volume of 1.2MM shares?
Looks like black box trading to my untrained eye.
What's up with the four decimal place trading?
Sheesh!
The shills are out in full force, serving up the most specious "analysis" they can.
If that ain't a bullish indicator, I don't know what is..
Question: does P = 0.217 in itself mean that a Phase II trial is "failed?" The author simply makes the assertion but does not elaborate on why.
Doesn't this stock always get jerked with prior to a big run up? That's just my informal observation going back to the TCLN days, but someone with a good historical database may be able to verify it. How much of the recent price action is shorts and MM's walking the price down versus long term investors and large positions exiting?
black box?
CP,
Thanks for the insight on trading practices.
That I can understand. I would just question holding back some data for ASCO if/when the analysis is complete.
Can they sit on info like that? Aren't the findings on the data a material event requiring disclosure because of the "discrepancy" PR in September?
Question for the attorneys on the board: can the lawyers extend the deadline for service by consent?
"We hired AF to interpret our clinical trial data," said no one ever. ;)
Excellent post. This quote from the article also seems to be a stretch:
It appears they downgraded "Major Discrepancies" to mere discrepancies...
Great post. Does your analysis suggest we are heading into a short squeeze?
It's almost like negative comments from AF are a reliable bullish indicator. ;)
$1.58 - Shorts getting messed with big time.
$1.15 - an interesting market valuation of PPHM...significantly higher than Roth's downgraded target of $0.70.
Why?
One opinion is as good as the next. We PPHM followers tend to develop a talent for the proverbial WAG. ;)
Uh, Breaker One-Nine, this here's the Rubber Duck.
Mercy sakes alive, looks like we got us a short squeeze.
Volume would probably be a better indicator than price, imo. But there are more experienced people here that could comment on that.