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*Yawwwn*
Dew - Tell that to PPHM's partner
Yep, I said it. You will soon see what I mean.
I wasnt commenting on your post. So chill out.
This just in:
Sit down, shut up and hang on to every share you got!
It might sound like I am trying to be funny or cute. I am not, I am quite serious, I dont spread rumors and I dont talk BS. This will all make sense before the end of the year. This year. Finally.
I have a theory:
I think crappy papers with nothing to back them up, not even an author can in no way move a stock this much either up or down.
so what is doing it? I think there are other forces at work, either shorts trying to get the hell out or longs trying to get the hell in at better prices. So if this day happened without a crappy story then we would all be looking at each other wondering what happened, maybe even the toothless SEC would even take a look. However with the cover of a crappy story like we just saw, then these forces are able to do what they need to and if anything was questioned everyone points to the article. But again, do you really think and article like this lacking any credibility tanked this to these levels? I dont, I think this is just typical Wall St games at play.
PPHM sure does move fast intraday doesnt it?
Bungler,
Yes I saw that and read it. I can see a reason for a disclaimer that reads like that. This way they can potentially avoid any and all liability because they claim it is fictional. Similar to us ending a post with IMHO. I see the purpose to it.
However that begs the question; what is the blog for? I highly doubt it is just to post a bunch of garbage that isnt true. There is a puspose, if we pay some attention we just may see what the purpose really is.
that's my .02 and IMHO.
I just bought another lot, I am now fully loaded and all in for PPHM. Time to zoom!!!!
I am only posting this because I know someone else will anyway. I usually only post things that I know for sure, but here is the post and the link. If nothing else it is entirely plausable considering Garnick is reliable and known and just a phone call away from Genentech.
http://sierraworldequityreview.blogspot.com/2012/08/melanie-montavon-tells-sierra-funding.html
Sunday, August 19, 2012Mélanie Montavon tells Sierra funding may come for Peregrine Pharmaceuticals via Genentech
Sierra World Equity Review just completed an interview with Mélanie Montavon in Switzerland where Sierra went to follow a lead regarding a Roche potential partnership with Peregrine Pharmaceuticals (PPHM). Mélanie expressed her belief that one of Roche's company's Genentech based in the United States will be providing significant debt financing for Peregrine Pharmaceuticals. Genetech is based in South San Francisco and wholly owned subsidiary of Roche. Roche purchased Genentech in March 2009 for approximately $46.8 billion. Sierra World Equity Review is of the opinion that Peregrine Pharmaceuticals will be in VERY GOOD COMPANY if this financing happens as Genentech already having 3 of the best selling Cancer drugs, they are Rituxan - $3 billion, Avastin - $2.66 billion and Herceptin - $1.66 billion. It also would most certainly give Genentech and Roche market domination in this sector when Peregrine Pharmaceuticals cancer drug Bavituximab ultimately gets FDA approval. Sierra will continue to follow PPHM moving forward.....Remember you heard it here first....Sierra World Equity Review currently hold no positions in any of the companies mentioned in this report.....be the first to read our new posts follow us on Twitter at https://twitter.com/#!/SierraEquity
We all have milestones for PPHM,
For me:
2.56 was my breakeven point, so I am finally in the black or green I should say.
5.00 is a milestone for all since we did the reverse split.
9.95 is a big one for me since I first bought in, the highest point I saw it reach intraday was 1.99, so when it breaks $10 I think that will be a big sign that this is finally for real.
I like the talk of $20, $30 and even $50, but we need to walk before we run. I am sure we will get there if everything unfolds the way it should.
Also I have seen a few posts wondering why Management didnt buy in when the pps was at .50, I "heard" it is because they already knew too much and were blacked out. I believe they would have if they could have. All IMHO
Volume has dried up today, I hope we see that push higher into the close.
I wonder how we close today? Will we slide back a bit or power on and close at HOD?
Johnny what do you see?
It doesnt look like there are too many available shares out there right now.
Anyone want to offer a closing number for the day?
I say 2.17 on 3.7M shares.
Anyone else?
Congrats Loof.
I am still about 56 ticks away from being green myself. At this rate i dont think I will be waiting too long to be in the green.
Good things are happening, and with no news yet!!!
From the Yahoo board:
http://www.bloomberg.com/news/2012-08-08/amgen-halts-pancreatic-cancer-trial-after-drug-failure.html?cmpid=yhoo
I wonder if AMGN is sniffing around PPHM or soon will be?
r,
I hope so, but I doubt we see any more that soon.
Imagine the cost to get into PPHM on the next Russel rebalance.
RRDog - Are you trying to tell me that this guy knows more about investing in biotechs than Dew and AF? c'mon!
On a serious note, that is quite a resume' on this guy.
Looks to me that your assertion is pure speculation. But Jake said...Jake has said a lot of things that he can't back up with facts.
I am very confident that we have the goods. I was just wondering where the traders are because they usually sniff out a stock like this one with all the technicals turned up. I dont mind the mo mo traders playing this for a while giving it a lift. I would love to be north of 3 before we get any real news hits.
Seems awfully quite around here for a stock that is right at the "golden cross" where the 50 day is crossing the 200 day. I know there are a lot of traders that will not touch a stock where the 50 day is below the 200 day average. Anyway, as far as I know this is a very bullish signal, so again pretty quite for this taking place. And after the move we just had and the news to come and all i hear is crickets.
How much did the 300 contracts cost you?
Thanks Eyeby, I appreciate the response. Yes I will do some buying tomorrow.
I am thinking about buying some options on PPHM, I have quite a few shares now, I just wanted to take a bit more risk and buy some options.
Any traders out there willing to offer some advice on options? Should i look at October or Jan calls?
Thanks in advance.
No sellers so far. Good sign.
Quiet, earily quiet.
You would be right if this drug didnt work on a multitude of other cancers. Then $20B seems a bit cheap.
For the technical guys:
Did today do any damage to the chart or was this a healthy pull back and breather? I have 100% confidence that we are moving to higher hights soon, I was just curious how this looks from a technical perspective.
TIA!
EYEBUY
Things are different this time, I wish I could elaborate more, I assure you this time things are quite different.
Let's just look at what we do know. The ATM is slowed because they are getting a loan of $20/$30M. Why would they get a loan without knowing where they are getting the funds to pay it? Unless of course they already know.
Insiders cant buy right now, that too is a sign.
Good things are brewing.
How did today look for technicals? Was today a good breather day for consolidation?
Geo; They cant buy right now, at least that is just my opinion ;)
Tug of war? Looks like this is just churning right now. I hope we see it close at or near the HOD.
Technical guys - what do you see for the rest of the day?
Someone should reply saying that the PPS has more then doubled in less than a month alone! :)
Volume looks nice and healthy today 700K so far today, well ahead of the daily average.
Jinks,
We know that PPHM will not make money (other then from Avid) so financials at this point are really not a big issue as they will post a loss. However how they continue to aquire money is an issue, I would not be surprised to see them leverage a much more valuable pipeline at this point in order to slow down the ATM and dilution and get them closer to the finish line, err a partner. That of course is just my opinion.
No chance, bring on the partner(s)
Good things will come to those who have waited, or just jumped in now. The fuse is lit and this thing is for real, we are going to make some big time noise very soon, imho. I hear our prospects are quite good.
News on Friday? Doubt it, but I sure hope we continue the surge upwards.
Volgoat;
I concur, I think it is finally our time. And of course this will not go up all in one day, it will take some time to get in the double and potentially triple digits!!
By year end, I think we will all be quite happy, and just a week ago I was so fed up I was abpout to dump everything. I bought more on Monday and I am as positive as ever on this turd being polished into a diamond.
at1w/
You seem to know more about PPHM than you are sharing. Is my observation correct?
I just bought today. I have not bought any in years, but today is the time. The end game is near.