did the career thing long enough.
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wouldn't be the first time.
might the increased short interest be the new institutional investors' hedges against their recent purchases in advance of news one way or the other in the next month or two?
dog, CP, or other folks with professional trading perspective...comments, please...
$20 would be lovely however it gets there...but frankly, i'd probably drop dead if that happened and wouldn't get to enjoy it.
how about LET'S GET TO $5 FIRST???!!! ok, $8
down .04 on a few thousand shares...
meaningless, i suppose, since the whole thing is a bust anyhow if it doesn't stabilize at least around $5 within 6 months or so...
what's the comparative SOC response rate?
nice, strong close.
lafont..
i wasn't suggesting that pphm insiders were behind the move....only suggesting that this stock is a favorite toy of professional traders, and is easily manipulated. while it may not be criminal, it blows.
lafont...
there's your manipulation process.
thanks for the explanation, cp
why would we go down to $2? one reason i can think of is that the BOD never comes out an speaks up for the value of the shares when they slide. another is that they're used to missing the cut...they've done it several times. another is that it's not unreasonable to suspect that people in their circles make money while this moves in both directions since that what it does constantly in in large percentage moves.
they clearly are not concerned about steady appreciation. it's not on their list of priorities. no reason to think it would bother them to have it go back to $1.60 yet again regardless of what it does to retail investors.
so if we go down to $1.98, we're out.
let's not forget that the 12 month market appreciation for all of the other companies will no doubt make the russell a close call...again.
good one, jake!
when their heads finally came out, they were found to be clenchng cheap options in their teeth
TUSTIN, CA -- (Marketwire) -- 05/03/11 -- Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM), a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibodies for the treatment of cancer and viral infections, today announced that it's having trouble finding it's butt with 2 hands.
their track record is, in fact, that they haven't closed any deals in all these years that brought in any money worth talking about.
i worry that this will stretch out so long into the future that somebody else's technology will render this stuff useless before they capitalize.
people keep talking about how close they are...finally...to the tipping point. the share price isn't acting like anything big is expected any time soon.
when shorts are up, we always, ALWAYS go down. and here we go again.
it's amazing to me that this is still just a +/- $150,000,000 company if the science/pipeline is so good. there are companies with 10 employees worth that much.
this is making me crazy.
yet here we sit at $2.50
CJ is only there for the cheap options, i'll bet.
prior patterns do support a selloff into the close...
lafont. please. a straight-up 10% move with no news is not random.
it's being 'worked' by somebody, or had been 'worked' down over the past couple of weeks for buyer's big order, or somebody is moving on inside info or something close to. I'd bet your last nickel on one of those two scenarios, and i suspect a lot of people on this board would tend to agree.
and don't ask for proof. if the SEC can never get convictions on such things, don't expect me to.
if it walks like a duck, etc.
cheynew! what a shrewd purchase you made yesterday!
and people think there aren't any manipulations....
i do hope thorpe's and others' efforts prove to be beneficial to thousands, and soon. unfortunately, it will have been too late for one of the most dynamic people I've ever known...a dear friend who left his young wife and 2 daughters after a very short fight with GBM 10 years ago... too fast, and just horribly awful....
i think the slow pace of development here with apparently promising science is one of things that makes the board seem, at least at times, to be more concerned with their wallets than they are with treating people who are dying.
gosh...maybe, with that attitude, they DO have the makings of a big pharma outfit....
i just need some new, raw meat. it's been waaaaaaaaaaaaay too quiet.
dog...i've been enjoying your posts. you tend to have a reasonable and ultimately optimistic outlook...we long-timers love newbies who give our hopes backrubs....
that scuttlebut you referred to...those rumors...NOT ENOUGH INFO!
since that noise isn't coming from this board and hasn't been speculated about here until your post, how about sharing a bit more about the sources...and the credibility you must put in at least some of it....
to the point: is it coming from pros who have personal knowledge of the senior management acknowledging that heat, or is it "i heard from Jim who heard from Tom who heard from Fred who read it on Silicon Investor"?
that's an honest question, and called for in light of what you have laid out....
plunging on 15739 shares (not counting cheynew's)
cheynew...
we hold you personally responsible for pulling this down this morning! it's people like you and Dart who are killing us!
the going concern clause will remain regardless of atm sales as long as there's more money going out than coming in. the only way it's going away is through non-dilutive cash infusion such as meaningful partnership with up-front $ as the result of late-stage success. time to stop fantasizing about near term accounting manipulation being a long term solution.
unfortunately, they haven't fooled many investors yet, other than us.
the point is that pphm is not taken very seriously even after all of the 'great' trial results over a long period of time. that is definitely of concern. the only folks who seem to have nice things to say are the ones who are paid to say it.
another list we didn't make.. i fear we're all drunk.
http://seekingalpha.com/article/260886-future-biotech-superstars
i have share-burn
darn.
we have sickness of share price.
don't know what my overall survival time will be, but this stock is not proving to be the therapy my portfolio needs. i give up...i'm joining the chorus that sings about this BOD being ineffective and wasting opportunity.
worth $273.00 plus commission. WOO hoo
sellin' the news as usual. street disappointed with AACR again.
well, that PR sure got wall street's attention
only a little over $8 to go...
golf...so we are looking at another 15% dilution this year just to make it till the end of fiscal '12 unless we get significant deal for cash....
nice example of somebody or somebodies grabbing a few hundred thousand shares at a depressed price to finish up the quarterly positions
this is not a case of people dumping. it's a case of somebody buying.