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I think I'll average down some more once we have some news from the company or a much more reliable news source
$5 option call friday... now those holding them options are starting to feel a little giddy : )
I think after this week I will have to start consider learning a lot more about options and transferring some risk to that side for the move upward..... just think our little Peregrine with option call prices of 20...22...24...26 ...on its way in a few months : )
Is there an official news release for that to give a link to? It doesn't show up on the company website and I can't find anywhere
Strong chart pointing us to higher ground....maybe we will break thru some resistance levels and with some news ...looking good!
New Job Posting.. Peregrine
http://www.peregrineinc.com/about-us/careers.html
got the same call at my house as well for approval to vote with the BOD... wishing I could get away to see everyone here attending the ASM but unable to get away from work.
Hope everyone has a good time! : )
I hope its heading back up.... looks like we flatlined and bottomed out for sure and I say the new hiring for setting up additional trials is a good sign
Volume going to hit 1M + ... its about time! with volume the price up will follow this month and hope to see some good news!
Looks like all shaken out this morning....lets hope this push upward can get us back over a dollar .....last thing I want is another reverse split
option 101 question... I am looking at the options for peregrine ... listed as "volume" and "open interest"
volume ... = the number of options actually purchased?
open interest... = the number of orders placed but still pending ?
... never bought options before and thinking I will buy the minumum just to see how they work
Website update? About US... Partnerships...
is this new? I don't recall reading this under their "Partnerships" tab.... under "About Us"
"We are actively seeking regional strategic partners for our preclinical and clinical programs that either are not currently in development or for territories where we do not plan to pursue development."
Pandoras Box is about to start opening.... I don't think they will even consider a buyout at all.... to me this is starting to look like they own the product and everyone ... every major to minor BP just may need their Bavi services! : ) Wait till the regional players start trying to make money and franchising out Bavi by regions ( states ) within a region ( Country )
80% drop? its funny... the shorts are finding it hard to swing an 8% profit these days because they have realized the profit longterm is for real this time. Only 1 in 5 bio's actually ever really make it... and how many can develop a drug that works on several solid tumors... not just one! Peregrine worked hard for what they have and the position they have themselves in ( pure IP protected ) as they are completely shielded from competitors piggy backing on their development....
Every few dollars we move up.... we will hear some new story about how its going to drop 80%
could be a play in the long run ... but Peregrine is much further along in their R/D and Bavi ready for phase III and a partner
ASTX ... no phase III... no partner talks... and the author thinks they are further along? oh my my...
well back to work here... When all is said and done I will find it amusing to attach all the negative/neutral articles written about Peregrine when they were between $1-2 ... $2-3.... and so forth
Once its seen that Bavi will be used for multi-uses and one of the most widely used oncology drugs on the market, they then will say PPHM is a stock everyone should hold in their portfolio... too bad by the time this article comes our way Peregrine will be trading much higher!
It amazes me... when we started TheStreet (from 1-10 with 10 being bullish and "long" the stock ) The Street was an absolute 1..... and with each rise Peregrine makes, with each release of good data, with talk of "in talks" with BP's to partner.... they slowly are working their way up the number system ..as learning to count for the first time! Where are they now.... probably between 4 and 5 because they no are advising not to short... and not to go long and buy? Latest article this morning from Nathan states:
"4. Peregrine will most likely partner bavituximab within the next six months. This is a good point, and I wouldn't be surprised if the company secured impressive deal terms."
Then he backpedals and remains skeptical.... and ends with....
"Peregrine shares will still trade up if the company inks a solid deal."
So... they agree they will Partner.... but still don't believe its a buyin at this time? Well I feel bad for those whom hold the words of TheStreet to their highest regard because when Peregrine is trading closer to $8 in another short period of time.... those who listen to TheStreet will have to ask themselves:
are these guys analyzing stocks...? for their readers or for the TheStreets shareholders? and those shareholders (day traders) are a far cry from the real shareholders that they supposedly write for.
Buyouts... go it alone... banks jumping in to best the offers of BP's .... scenarios will be speculated even wilder as Peregrines pipeline growth and value is more like an oil pipeline direct ready to gush and we best find the correct play here for all and cap this pipeline correctly before she makes a mess!
The more I was thinking about this over the weekend... the value of Bavi and Peregrine in general may get out of control because everyone, including BP's are trying to understand how much money will be made and its such a large enough of money because of the multi-use and possible infinite future of Bavi!
You know what? Peregrines coffers are going to be filled up shortly and I am now thinking that a buyout could be made for one price "X" for 50% of the company and price "Y" is to be determined down the road after a value can actually be placed a little better on it based on future sales and how wide Bavi plays into the entire pharmaceutical industry.
Price "X".... I will not even place a number on...
but price "Y" for 2nd half buyout could be in many multiples of "Y"
We are in cruise control and confident Team Peregrine will deliver the best value for all
HDG.. I think I answered most of your questions in my last post... except forward stock split?
I think the split is long ways away... after 1st FDA approval anyway and possibly before the 2nd FDA approval comes our way but definately see a stock split ( with only 105 Million ) soon after 2nd FDA approval
Yes..I am confident FDA approvals are in Peregrines future : )
I think it will have an affect for sure.... also do believe that the battle for shorting this stock is at a critical point because I really don't believe that those wanting to short are not wanting to short for the longterm but only for a very short play to make money
All said... the shorts are at a very critical point at this time.... because I think we are only one positive article away... or 1 new analyst initiating a buy rating away.... or a couple 13G's away from the shorts letting go and they will be ready to fight another day on higher ground when we are at 6..7...8..9!
Overall... I am the most positive about the future of Peregrine and I would love to hear the exec's talking about this company at competing oncology BP's and what their play is going to be going forward.
As for the ASM meeting... with new options going out for the employees, I really want to believe that the company isn't waiting for that event before announcing a BP partnership to make them more money? but maybe I am being naive with that way of thinking
These are exciting times for Peregrine shareholders!
Final 4 Predictions this week:
1) We will have 1 new 13G filing
2) We will have 1 new analyst initiating coverge
3) We will have 1 major news re: Peregrine
4) We will take another jump similar to that $1.50 jump recently
..... Conclusion: We will be over 5 by friday and we contiue our march forward and upward
I completely agree... but it is ( as it should be ) there last resort if they feel they are being undervalued in a major way. There comes a time in every field from athletes, products, electronic devices and yes.... new drugs, that exceed and excel significantly and warrant a premium.
I still don't believe most people realize ( other than those keeping an eye on this stock for many years ) that if Bavituximab continues to impress and provide top-line MOS on multiple solid tumors.... its going to replace not just Avastin for standard of care but others as well. BP's are not just going to offer their highest final price on 1st.. .2nd... or 3rd go around, its just the way negotiations go.... but in the end, they will go fine and I don't believe they will need to go it alone.
We are almost there... I just wish that some party involved ( maybe an opposing BP would leak something out? ) to force a higher price from someone else.... there are just too many variations to factor in at this point but I will predict right now that this week coming up something will get leaked out from one of the many parties involved.
Is it possible that the non-disclosure agreements that Peregrine and BP's have while during talks may be used to Peregrines advantage after talks break down with "one" of the BP's as follows:
Steve King: "...we would like to thank our shareholders for having the patience for standing by what we believe is going to change the oncology paradigm and how our lead drug candidate...Bavituximab....will lead the way as the new standard of care for thousands of cancer patients. Peregrine remains to work day and night to select the best partner that will ultimately benefit all shareholders involved, but ultimately to benefit the patients in the doctors office with a much greater medical need. We have unfortunately been unable to move Bavituximab along with the assistance of a partner due to the extreme circumstances of placing a proper value on the Bavituximab program. Currently, we have closed discussions with several BP's....as their final offers did not meet Peregrines value we have projected for the great future of Bavituximab. We are currently still negotiating with several other BP's which we are still under nondisclosure agreements. In light of those details....we have been in contact with a major investment bank that has viewed our previous offers from BP's where we have rejected those offers and they are offering us favorable rates, terms and full confidence that our Bavituximab platform will be more than sufficient for a $350 loan to move the
Bavituximab platform forward. We maintain our first priority is to partner ...and we believe that the Bavituximab platform will be valued favorably to all shareholders at Peregrine and will bring substantial value to the shareholders of our Partner due to ability and diverseness that Bavituximab possesses."....
I hope they dont wait till the ASM to say something similarin to this.... also hope they leak out something in the press (before ASM) that will speed up BP talks.....just as they leaked out info on the Conference Call regarding meetings with BP's
Accelerated Approval:
I know its been mentioned before about the possibility of Bavituximab getting "regular approval" vs. Accelerated Approval and if things continue with the IST's with data as compelling as the NSCLC ph. IIb trial I say that would cause lots of friction in the BP arena.
Below is taken from the FDA site:
http://www.fda.gov/downloads/Drugs/.../Guidances/UCM259421.pdf
----------------------------------------
A. Endpoints supporting past Approvals
In the past, three commonly used efficacy endpoints in trials assessing treatments of lung cancer 67 were overall survival (OS), time to progression (TTP) or progression-free survival (PFS), and 68 objective tumor response rates (ORR) (see Table 1). ***************************************************
The majority of drug approvals for NSCLC 69 have been based on significant improvement in OS, which is an optimal endpoint because the 70 measurement is accurate and represents direct clinical benefit to the patient.
***************************************************
Similarly, reduction 71 in patient tumor-related symptoms can also demonstrate direct clinical benefit and can support 72 regular approval.
----------------------------------------
Peregrine is currently in negotiations with their future Partner(s)...
Now... what is their best and most logical play?
They wouldn't be running all these IST's if they didn't get the green light on Bavituximab working on multiple solid tumors, if not all of them.
When the Partner is looking at the Phase IIb trial data and see how obvious it is its heading to Phase III and FDA approval and possibly even AA and they still low ball Peregrine? Well one of Peregrines main arguments will be:
1) how they "continue"... and "continue" to stress that Peregrine will retain rights to the U.S. market ( as they are talking to foreign BP ) as much as possible
2) Peregrine will stress how they will retain rights to Bavi on all solid tumor and viral
..... now once all the BP's see how Peregrine is not giving up on the U.S. rights... on top of the rights to all other solid tumors, they all start to understand the potential of Bavituximab is "much"... "much" ... "much"... more significant than they thought before they entered negotiations and the negotiating teams of all these BP's will be heading back to corporate to the hedge honchos that make the final money decisions and they advise them this is one small bio tech with the "most compelling" oncology future that they have ever been in talks with and they advise their bosses that this is one that they should open up the purse to because if we don't.... another BP is going to close the deal
.... this is the point we are at folks.... we are waiting for "purses" to be opened for Peregrine. The ones that can write the check are not showing up at these negotiating meetings and they are just sitting back watching over the vault being prepared for the worst news ( that they have to open the vault big time! ) ... but on the flip side ... ( that vault ) will be replinished in due time 10x fold!
More importantly.... they get to stay in business! because some oncology BP's will be forced to move to Plan B once they lose out on Bavituximab.
So as we sit here at roughly $4 pps.... we will soon be walking along sides with a BP(s) at $10-20 .... and will soon be jogging along side our BP(s) at $20-40 and will soon be running along side our BP(s) at $40-80.... and will be running as fast as we can once the 1st sales start showing up on the balance sheets and the BP's vault begins to be replinished in a way they never thought would happen from such a small biotech such as Peregrine Pharmaceuticals!
Keep smiling.... ignore the noise and stay in cruise control : )
Thanks ...just trying to get a better picture of the breakdown of shares from the last couple months being traded with Peregrine. Lots of shares and would like to know how many were parts of the day traders...shorts...longs....and if they give actual breakdowns for those on margin and also if they list daily margin calls...but I guess they dont want to reveal too much info : )
well I was expecting some bigger buys end of day... didn't happen
A few questions with all this options and I don't have Level 2 but some here looks like they do:
1) I know every month around the 15th? a list is put out that details the "short" position in each stock
2) Does level 2 actually tell you the blocks people are buying in "cash" and on "margin" ?
3) Does Level 2 actually tell you how many are shorting the stock each day? actually giving the sizes of the short sales...etc . OR vice versa does level 2 actually tell you how many are "covering" their short sales made previously?
ok... I think we are ready for a 100,000 share buy end of day. Am looking forward for next week and hopefully this is the last weekend of partnering talks : )
I wonder how much of an influence the cut in rates in Europe would help a BP for the partnership
I like this statistics debate... I just have one question:
Please try explaining statistics of certain ratios that do or do not bode well for a phase III trial to the cancer patients that have clearly experienced life at twice ....thats double... the time for a patient who was not given Bavituximab.
I have had my fair share of math and calculus courses... and when you have a drug that has been proving to work well ...currently double the MOS ....and no side affects... I say we stick that part of the argument. : )
You know what would be incredible news....the day when Thorpe finds a food...additive...or drink we can take that increases the exposure of flipped-PS (with no need for chemo..etc) within our bodies in order for the Bavi to boost our immune systems X times faster to stop/reverse the cancer cells... that day will be here after we fill the coffers
There is much ....much more potential with Bavi....Garnick knows it... Thorpe knows it...and the BP's know it....so here we are days or weeks away from being the little kid on the block that is about to take BP batting practice ... and going yard on that fast ball from any BP out there!
Peregrine is sitting at the plate with 40/20 vision....they see the every move of that ball coming their way and the shareholders in the stadium...will all be jumping for joy very soon!
Vegas of course has the odds against any kid playing with the big boys... so we cant blame anyone playing the odds....but when you have Coach Garnick as your skipper and manager....you best play by his odds!
My fault.. wrong friday. I never played with options...
Options expire today.... so looks like Sierra playing the odds and betting all those in power of those $5 calls.... can also power this up for its next leg of the move
Also .... if I had shares short over this weekend, I'd be nervous as hell because the weekend is the perfect time to tidy up partnering details .... right? : )
May the winds be at our backs today... GLTA!
I agree! .... maybe I am being naive or I think its because many people on here have been following this stock for years and knowing the finest details of the "change in tone" from every conference call... to the idea that Garnick has a good reputation and we are following our "ringmaster" ( as CEO spoke of Garnick because of his expertise and FDA relationship bringing in 17 drugs thru the FDA to market and approved.... then hearing Garnick tell everyone in plain English how he has been involved in 30 ph. II trials ( 17 FDA approved ) and he says this ph. IIb Bavi trial data is one of the most compelling he has "EVER" seen ).... it goes on and on... and on and on
Go Team Peregrine! Let the winds be at our backs all day tomorrow!
: )
Impressive read! ...Must read and I will take his opinion towards the Bavi ph IIb results as stated... "...immune directed therapy moving forward" ! I am looking forward to more news regarding Bavi!
File 13G within 10 days of crossing the 5% threshold. There must be 2 new filings....but am banking on at least 1. Also banking on a nice follow up article from a national paper re: doubling of MOS. I know its of late tradition to see the online versions....but we need a nice full article in a major newspaper before anything bigger comes down the road... : )
As for analysts initiating coverage.....not sure how much more of a silver platter we need to hand over to them.....they must be busy with their free ipads to push the price up even more on apple lol
I am thinking tomorrow morning we will hopefully have our 13G.... I find it pretty amazing if we do not have someone jumping in with 5% ownership
Also expecting at least one article going into this weekend....lets hope it starts the rally early because we dont want people to miss out with those $5 calls tomorrow
Excellent post! ....please repost that at critical times when tbe shorts try and paint a negative picture....because we are far from that and in the midst of a major breakthrough due to the science! Bavi is succeeding!
Remember....those who are long time investors giving the truth have day jobs and investing for the longterm.....vs the shorts who primary job js to trade stocks for a living!
We get a paycheck at the end of the week.... the shorts get not one dime unless they can force stocks to move one dime every day! They are working for their money but that does not mean they get to market and advertise certain stocks daily with the vile is half empty truths!
Peregriness vile of Bavi is half full! ...and once a partnering deal is announced...they will have e capping off that full vile if Bavituximab and doing a great service, fulfilling a much greater unmet medical need of assisting cancer patients around the world!
Dont help the weekly paycheck of the shorts as they target Peregrine....because they are getting desperate and prettt pissed off that they have not been able ti turn as many hands as they thought they would!
Keep smiling....and Team Peregrine is moving on to higher ground! : )
St. Peregrine... the patron Saint for all the cancer patients .... as Bavituximab is currently "doubled the overall survival for NSCLC patients"....
I expect to see another analyst initiating coverage on Peregrine Pharmaceuticals as well as another 13G filing by close friday
As much as I do agree with you ( only that manipulation does occur ) ... I do not think a bear raid will be executed as they may hope it normally works for them. I think that St. Peregrine is overlooking this entire situation and will have an answer for us if that time comes...
maybe...
1) The big boys that normally can't buy in till after $5 pps are watching and making their own accumulation plans
2) Cancer is a very touchy subject for many... many know someone that have been diagnosed/passed and at least one multi-billionaire out there has St. Peregrine watching over them to make the investment and at the most ideal time to crush the shorts plans
3) St. Peregrine also may be tapping into the company... they may just have a PR or two on the shelf waiting for the right release time
4) Look at The Street articles.... specifically pointing out the clash and tug of war against the bears... and the bulls
... only one will win the fight in the longterm and we know that Peregrine will land on top with share prices that we can only have dreamed of when we put our first pennies into this (once upon a time) speculative stock.........but the game has changed!
You only need to look at the fumbles from the short side trying to find the right angle into stopping us in our tracks on this move upward but its not working and when they get desperate from now till the end of the month ..... just remember, St. Peregrine is protecting and watching.
Game On!! Team Peregrine vs. The Street .... and there are times in life when you really have to ask... Was there a higher power involved?
Shorts... trade with caution and from that first moment you have a !@#$ load of shares short... St. Peregrine may have a plan to remind you: Don't mess with this cancer stock : )
Good luck to all... smile and just remember, Team Peregrine has made it!
You know whats even a more realistic scenario.... BP(s) will be entering into a large deal with Peregrine and the BP's might be the ones who are in need of some money to make this deal work. This is not your average partnering deal....could and most likely will be complex and its all good for the coffers at Peregrine!
One side note.... shorts please trade safely.....
No texting and trading because you will get ticketed....
No drinking and trading...slows your reaction time to recover your shares as Team Peregrine flies right past you!
No speeding ...flash crashes likely to occur at high speed driving
.....As for the longs: please stay out of the passing/speeding lane....stay to the right and in cruise control.....you will reach your destination safely....just beware of multi-car accidents in the speeding lane (especially after some major news of partnering is released)
My thought exactly...Anyone looking for direction spend a couple hours and listen to the conference call back in June and there is plenty of material on here to allow you to feel more at ease in your investment.
I say now.... "good luck" to the shorts because they are the ones who need it and in every hour you hold onto some short sales....I again want to truly say good luck
Keep smiling out there ...Team Peregrine has the goods...has the data....has the shorts squirming in their bloomers! Halts...news....positive articles.... BPs.... and lets not forget vertical jumps....Team Peregrine has only been warming up and stretching soo far.....
The next vertical jump may surprise you....
PPHM ...more buy ratings will be here soon
I most certainly have that gut feeling we are heading places not many other bio techs have gone. Peregrine is sincerely a diamond in the rough and I for one have never ever advised friends and family to buy into any stock ....and PPHM was the exception! For me....the turning point was the cc back in June? ...and if someone hears it for the first time without listening to all the other cc's then you could be skeptical but its the actual comparison from that call to all other cc's! Bottomline is they never hyped their progress...until that day! That was the day I began to hype it because I really like to see the average Joe make money on these stocks instead of the larger funds.
There will be a day that comes when we look back at these 'fall' prices and be amazed it happened soo quickly..... we will continue to move up in step function like movements ...
...As Bavituximab will give hope to the many cancer patients in the world; Peregrine will bring more hope to the many small bio tech stocks that move ever soo cautiously in trial designs so they can defend themselves from the next AF and DD (whom are simply betting on the statistics that 4 out of 5 drugs fail from the get go) ....
You need to know when to fold 'em.....and when to buy them : )
Enjoy your day and everyone give a nice warm welcome to those big investment types that are about to join Team Peregrine .....well I guess weI have to wait till we are over $5! Sorry guys :)
I agree... and we are on the verge of a few major obstacles:
1) stock staying above 5... no longer in the penny stock bucket
2) partnering deal gives "GREAT" credibility among all peers
3) partner deal = money = remove the going concern
4) smooth sailing ahead to expand... horizontally and vertically (further R/D with bavi ) I still believe that many investors don't realize the full potential that Peregrine offers
Once its all said and done.... those who bought into this stock in the early stages have that chance of a lifetime because splits will be coming down the road ( this is where I believe its not out of the realm of possibility that a buyout is still being talked about in the form of buying into 49% of the company now and with the future milestones that option for the complete buyout could be in order