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Hello Surf, Snus made another mini run today, only this time it closed at its daily high. .44-.49 today. Added another 5k at .4501. This one might make a run into the cc after all. It should with the pile of cash it is sitting on!
Hope so anyway!
Take Care.
....seems like there was a LOT of bio buying in the last 10 minutes today......
Just found this over on hotbio board, posted by surf1944:
Interesting stats on R&R's ratings: (not cor specific)
http://www.fool.com/investing/high-growth/2008/02/25/this-just-in-upgrades-and-downgrades.aspx
Interesting Read Aiming4, Thanks. Did I once read that Albert Einstein's brain had 10% more glutamate than a brain of similar size/weight?
Seems like I remember hearing that, but it was 20+ years ago, so it may be scrambled.....
In any case, thanks again.
Take Care.
Hello Blathermor, yup, look back a few posts, and fearfrost reposted his original link.
Better yet, here it is, from fearfrost:
I posted about purchasing CX516 a while ago:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25334660
Take Care.
Surf posted it in post 70.
http://www.form4oracle.com/company?cik=0001062216&ticker=memy
Take Care.
incompetent old man.
Ouch, Easy there. This is the same guy that got Cor enough funds, so they didn't have to worry about money for an extra year or so, "just in case." Foresight, that not many on this board, including myself, would have had. I commend him for that unpopular, yet really needed decision.
If you don't like management, well then, move on. There are lots of stocks out there.
Take Care.
Entry into a Material Definitive Agreement
21-Feb-2008
http://biz.yahoo.com/e/080221/cyto8-k.html
Item 1.01 Entry into a Material Definitive Agreement.
On February 14, 2008, Cytogen Corporation ("Cytogen") and InPharma AS ("InPharma") executed Amendment No. 2 to the Product License and Assignment Agreement dated as of October 11, 2006 (the "License Agreement"), and amended as of August 30, 2007, between the parties. Under the License Agreement, InPharma granted Cytogen exclusive rights for CAPHOSOL® in North America. The License Agreement also provides Cytogen with the option to acquire the rights to CAPHOSOL for the European and Asian markets.
Under Amendment No. 2 to the License Agreement, Cytogen and InPharma restructured the amounts payable by Cytogen in connection with the exercise of the option for the European and Asian marketing rights, including milestone payments and royalties based on sales levels in North America. Cytogen has engaged an investment bank to assist the Company in identifying and evaluating strategic alternatives intended to enhance the future growth potential of the Company's pipeline and maximize shareholder value.
CAPHOSOL is an advanced electrolyte solution for the treatment of oral mucositis caused by radiation or high dose chemotherapy and dry mouth that is approved in the U.S. as a prescription medical device. Cytogen introduced CAPHOSOL to the U.S. market in March 2007.
I remember seeing this guy last year saying it would go to 100, and the analyst almost laughed at him in disbelief!
Press Release Source: Sonus Pharmaceuticals, Inc.
http://biz.yahoo.com/pz/080220/136737.html
Sonus Pharmaceuticals Announces Fourth Quarter and Year End Results Conference Call and Presentation At WBBA Invest Northwest
Wednesday February 20, 4:00 pm ET
BOTHELL, Wash., Feb. 20, 2008 (PRIME NEWSWIRE) -- Sonus Pharmaceuticals, Inc. (NasdaqGM:SNUS - News), an oncology drug development company, today announced that it will release financial results for the fourth quarter of fiscal 2007 ended December 31, 2007, on March 5, 2008 at 1:30 P.M. PT/4:30 P.M. ET.
Michael Martino, President and CEO, will host the call. Individuals wishing to participate in the conference call should dial 800-240-4186 or 303-262-2138 for international calls. An audio replay will be available from March 5, 4:30 P.M. PT/7:30 P.M. ET, for one week at 800-405-2236 or 303-590-3000 for international calls; Conference ID: 11109351.
Additionally, the company announced that Michael Martino, President and CEO, will present at the Washington Biotechnology and Biomedical Association (WBBA) Invest Northwest conference on Tuesday, March 18, 11:50 A.M. PT. The conference is being held in Seattle March 18-19. The Company's presentation will be broadcast live at http://ir.sonuspharma.com/events.cfm. An archive of the call will be available through the same link.
About Sonus Pharmaceuticals
Headquartered near Seattle, Washington, Sonus Pharmaceuticals, Inc. is focused on the development of cancer drugs that are designed to provide better efficacy, safety and tolerability, and ease of use. Sonus moved an oncology product candidate, SN2310, into a Phase 1 clinical trial in September 2006. For additional information on Sonus, including past news releases, please visit http://www.sonuspharma.com.
Hello Surf, I see you still had SNUS over here. I just posted a note to you on its board. Mini run might be over for now, but it looked like it tried to get going.
I was wondering if anyone here might be able to answer a question I have thought of every now and then, and don't know the answer to.
Every now and then while am happy to try and build a position with a stock at its bid price, I can see my level II screen change with my order, and then shortly afterward, a new bid from the cin exchange matches mine for 100 shares. Happens on certain stocks and I thought it might be a marker by a market maker, but just don't know for sure and thought someone here might.
Sometimes the bid from cin will be just over mine at a very slightly higher price, effectively knocking me out from being the next in line to purchase shares someone else is trying to unload.
Anyway, Take Care.
Hello Surf, SNUS just popped a little if you are still tracking, been slow all day, now it has traded between .43-.49, a pretty good 1 day swing. About everything in the last 1/2 hour or so has been pushing it a little higher. Still not enough volume to confirm anything, but thought I would give you aheads up in case it was off radar.
Take Care and thanks again for keeping all these boards going!
Hello hoop, I just went back and read that post where you mentioned you were sitting on shares from .73, back on Jan 22.
In that post you wrote: "Waiting for buyout/partnership to launch..."
I am curious as to what, if anything, had you feeling that the company might be a target. I forgot if they had announced that they were shopping the company or not????
The reason I ask, is that I have a good amount of SNUS, and they have announced that might have an interest in being acquired, or some such language, in their last cc, as well as a large, relative, cash position. So I am wondering if you heard similar language with ENCY?
One can always hope
Take Care.
Nice move on ENCY hoop, I have owned it a few times in the last year, but just for a trade and wasn't holding any yesterday. I had actually read your post on sitting on shares at .73, Enjoy!
Take Care.
hello jerrydan, do you all remember a few weeks ago when i posted about selling 30k shares over a short period and the price fell a penny? i mentioned that it seemed like mm's were just lapping up shares to sell at higher prices in the days/weeks ahead, and that i thought it was a sure sign of strength in cor? Many of those shares were being lapped up without ever showing on level II.
well, i just watched it drop 6 cents on 4k shares this morning! it sure seems that they want it to sink today, or at least grab some cheaper shares. ugg.
Hello jddiv, Well, it would all depend on what the next upswing is for One thing is for sure, Cor does swing!
I missed the call today, but I have always paid attention to the inflection in Dr. Stoll's voice, and have invested, rightly or wrongly, many thousands of dollars on it. Doesn't mean I stuck to that strategy once invested, but it has swayed me more than once.
As far as not selling at the current top, if that is what it was, oh well, not many of us do. It's not a loss until, well you know.
If Cor does another of its slow downward spirals that it tends to do on low volume over a month or two, I may take a stake going into the RD event, but just thinking out loud for now. And who knows, it may just run some more for any number of reasons, traders, buy out candidates, investors who like the rd angle.......
Take Care.
Thanks fearfrost, I marked it as a "keeper" so I will be able to find it right on ihub if i go looking for it again. It was the writer about half way down the page that I found so interesting. I had another link on my laptop, that I think came from the page you posted, about someone wanting to get a group up to buy a kilogram of 516 for 4k processed by some chinese phd's. More nerve than I have.
Take Care.
Could be enemem, but slippage has hurt cor in the past and hurts a lot of these type stocks, making a successful outcome of rd even more of an "event," as cor will be lower on funds running out 2, at least for now, extra months out. i think gfp has written about slippage might be a pretty good negative for cor right now, and if that is the case, there may be a good number of others with the same mindset.
That being said, you are absolutely correct that a 3 billion market is kind of hard not to give some pause.........
If it does spike, and I was holding a large position, I would unload some, but then again, I always tend to sell cor to early.
Just mo.....
Take Care.
Hello blathermor, Actually I think 516 can be found online. It may have been here I read about it, but I couldn't find my bookmark on this machine, so it may be on my laptop downstairs. There was a guy who gave an in depth account of his experiences. I found it interesting reading. If I find the link I will post it here.
Take Care.
Hello Aiming, I guess one could make the point that though they, (rr,) didn't drive it down all the way to .30, they were able to help get it down to .44, from 2 something as I recall, (not always accurate.) Pretty impressive.
Hopefully that will let them feel that they made their point!
Take Care.
Hello Asu, Good points all.
Just a note that often when Cor runs, the crazy spikes don't last long. I mean the 2 dollar jump in a day/week type spikes, which is certainly possible once this one gets hot.
If all the folks chattering about cor jump in at once, and then Cor hesitates, that might be the moment to unload some. Hopefully well beyond 1.99
It can fall REALLY fast once they all start bailing.
Just an observance.....
Anyway, now the history that you and I are so familier with can at least read:
Nov 07 = .44, 2008 so far 1.10. Not Bad.
Best of luck to you in making a nice profit here.
Hello Flatsixer, Thanks for taking the time to show how to get at those cor posts, a tool I don't use much, but will in the future.
I have recently sold off a pretty good sized position in Cor, thankfully at a profit, but I can remember clearly how much influence traders can have on this stock. I have seen it many times as Cor runs.
I just didn't think you all were going to come back before Cor needed cash again
One last thought, often I have seen Cor hesitate as it goes skyward, and often that is the exact moment to sell, as if everyone was thinking the same thing, like how much further can it run, and then, BOOM, down she comes. Really check your charts and you can see that historically the best spikes lasted only a day or two. History tends to repeat.
Take Care.
Yikes, this thing is up 95% on 25k shares this morning. Yea, try getting out of that with a couple hundred k. can you say 5 cents?
talk about thin.
Hello Dew, Gotta love that. Do you know off the top of your head if that is an increase in the last 6 months or so?
Gosh I hope this isn't in the "Read Me First" part
Take Care.
thanks, i don't know about "better," i just don't always trust yahoo finance, so i thought i would ask i am buying crgn.
take care.
Hello Brig, I am not showing them with no debt, and was wondering the source for that info, if that's what you meant, so I can update mine. I do show that they are eliminating debt, pretty quickly, imo.
From yahoo news:
http://biz.yahoo.com/prnews/080131/neth038.html?.v=37
"As of December 31, 2007, CuraGen had cash, restricted cash and investments of $115.0 million. At December 31, 2007, CuraGen had outstanding convertible debt of $69.9 million due February 2011, compared to $176.2 million at December 31, 2006."
Yahoo isn't always up on their stats, they are showing crgn with 139 cash and 109 debt as of 12/31/07......under key statistics.....
Got to love the way they are paying that debt down.
Take Care.
So was I!!!! Just like the cash too much. Last week I could see it stalling and sold 15k between .55 and .56. using those funds for more as it slides a bit. Keeping dollars invested constant at this point. Still north of 100k in here.
Take Care.
Yup, I think it becomes a little more ligit with a fund or two to take a small, for them, stake in it on the news. It doesn't have to show on the books unless they still hold it at year end. What's a few million here and there!
Take Care.
Hello surf, I think those selling snus today are buying idmi again this morning I took some off the table in snus at around .55 last week. Still they should release earnings soon, with new cash levels in the .80's, enough to last until 3rd quarter 2009! At least that's what they said during last cc.
That's a lot of time in todays bio world for a comeback.
Take Care.
Hello surf, Thanks for adding the weekly ibox. It is nice to have a little wider view and not have to "dig one up."
Your work keeping so many of these boards updated is appreciated.
Take Care.
Not sure it will get there today, but with 3/4 million shares traded in first hour and who knows what might happen!
Picked up some NUVO and some more CYTO this morning, not much, but building.
Take Care.
Snus is running a bit this morning.
Take Care
Back on radar, thanks surf.
Take Care.
JPM must like something about CYTO. Hasn't gotten much of a pop during this bio run, so maybe it will be a late comer!!!
Take Care.
Hello Surf, I have been building a position in this one. I figured if JPM can own nearly 5 million shares, might be worth an investment/trade.
Are you still holding this one?
OT- thanks for the idmi response, i passed on holding overnight for now, but love the stock.
Take Care.
Hello Surf,
What are you thoughts on idmi at this point? I day traded some from 2.20 something to 2.55 this morning and I am thinking about getting back in.
Take Care.
Thanks surf, i am out of this one now.... i took it off radar a while ago.
You must be about ready to buy a new surfboard by now, after the run we have had this week!!!!!
Take Care.
Thanks dominate, Yup, that's what most of them say so far.
I had my Level II on, it was updating ECN's, Inet, archepelio, all the market participants, the bid ask sizes were changing, and the prices were .74 or 5 to .79. Then the orders went through at .85, over several minutes. I could have bought and sold at any time then for the bid ask spread in front of me, .74-5 to .79. I figured it was just some mm taking advantage of a market order. But my trading screens have been updated that those trades were corrected to .7999.
If I hadn't seen it so many times before, I would have thought nothing of it, but with IDMI two days ago, and everyone trying to find the next IDMI yesterday, with biotechs volumes through the ROOF, it just seemed a little to "nice," to have it be a mistake. I think someone was trying to get a "run" going at the open.
jmo
Take Care.
Thanks Tonyvanw, Mine used to show .85, but has been corrected to .7999 high, .77 low. Interesting to see what yahoo, or wsj shows tonight. I have seen these, what I call, "false starts," many times over the years following cor, both on the upside, and the downside, only to see them corrected later. I guess one could say they are "glitches" with the ticker, or some other "issue," but my guess is that if daytraders had started getting in at .85, it would have just run.....mission accomplished.
Take Care.
Hello Surf, Nice move on panc once again. I missed it this time, but noticed it had run late yesterday afternoon and no one was talking about it.
Take Care.
Hello surf, are you till in this one, it has been hot here lately?
Take Care.