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The catalyst for my changing my view was coming across a shocking You Tube commentary by Jim Cramer of CNBC fame. He explained in detail how as a hedge fund manager, he participated in schemes to manipulate stocks. If you haven’t seen this it is a must watch.
https://smithonstocks.com/illegal-naked-short-selling-appears-to-lie-at-the-heart-of-an-extensive-stock-manipulation-scheme/
Video is mentioned here in this article
Point is, there is manipulation.
https://smithonstocks.com/illegal-naked-short-selling-appears-to-lie-at-the-heart-of-an-extensive-stock-manipulation-scheme/
Quote:
For those like me who are attracted by potentially breakthrough technologies, you will inevitably get caught up in a manipulation that leads to a suddenly plunging stock price of a company in which you are invested.
I agree Hope
They've mentioned it in the past but maybe they thought they could do it alone, as long as they realize it and get serious I'm sure a deal can get done.
They are moving forward with AVID but hope they realize they need a partner to move forward on the Bio side. they have already tried the do it alone way.
Then hopefully they are working on a deal/partnership and realize they can not go it alone.
In the meantime PPS is being manipulated while being accumulated
CP
Then who is behind this and why are they trying to break PPHM? What battle is going on behind closed doors? Or is there a collaboration between BOD and unknown entity?
Is someone trying to force management to break? Or broker a deal?
I agree, this selling is from traders. Who ever is controlling and manipulating the stock price wants no retail in and is absorbing as many shares as possible.
Wouldn't the BOD make more money if PPS/ value of company goes up?
I think this is what is happening, reason why PPS is being held down
Exactly
But who is holding PPHM down and why? 300+M shares traded in 10months under $1 ranging from $.52-.29.
I heard that, there was more then 1 analyst as some are claiming otherwise.
Like I said, they wanted to avoid questions, but why? And didn't get into details on many things.
Definitely limited the CC, seems like they wanted it to end quickly to avoid further questions? They are on the quiet side as it seems they were reading a script leaving out a lot of information, they didn't even mention Exosomes.
Yes I'm new here and I'll give you the management faults as it seems many are not happy with BOD, but it doesn't explain the punishment of the stock price, with AVID alone many would agree the PPS should be at minimum $1, and it's growing and Co has no debt yet no matter what positives comes out the stock is being punished? Like today with earnings yet sells off A/Hs? Question is by who and why? Is this an act to force management into selling? Punishing the stock price while accumulating it under the radar? Point is this isn't normal and there are things behind the scene we don't know of.
Just doesn't add up
You don't think a buyout is possible?
Partner or buyout, something is lined up IMO
Also seemed like they wanted to wrap it up very quickly to avoid further questions, odd indeed.
Moving up A/Hs
Yup, I think surprise is next
Let's head towards $1 now, where it should be
I agree, good earnings + partnership puts us at $4+
4B
Not 40B
Nice posts , thank you
But company in MUCH better shape and position now!
Will go green
You're welcome
We will get BIG news this week IMO along with good earnings
Institutions can't buy micro caps until they are larger and more liquid.
PPHM is going to be moving up as they become more liquid and institutions will be buying in (growth) of AVID and possibly partnering on science side adding more value.
Expect a move over $1+ > $300M MC
Thanks 4Our
We might get a surprise news release
"This is a key part to our European patent strategy for bavituximab and an important addition to our intellectual property portfolio, which now numbers more than 140 worldwide issued patents and pending applications for our bavituximab oncology program,"
http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=919465
Sorry don't have private messaging
PS Targeting
Eventually PCYC was bought out for much more
Patience is needed here
PCYC (Pharmacyclics Inc.) sat at $1 per share in 2008. Today PCYC trades at $130 per share, now imagine all those people who got impatient and sold out early, because they didn’t see movement.
http://www.biotechpicklist.com/bioinvesting/
Absorption is the key feature (that a Wyckoffian cares about) of the Accumulation Phase. The C.O. absorbs shares, like a sponge, at a good price/value with the intention of holding the shares for a very long time. The only scenario that would cause the C.O. to sell these absorbed shares would be much higher prices. If the Composite Operator community absorbs, buys, locks up most of the available floating supply of stock, what happens to the price of the stock? Once the stock is in ‘strong hands’, available supply will be low and even a slight increase in demand will cause the stock price to jump. The major uptrend begins. This is when the Wyckoffian gets busy buying shares to ride along with the large, informed interests.
https://stockcharts.com/articles/wyckoff/2015/06/accumulation-phase-absorbing-stock-like-a-sponge.html
Time to go up as MMs will be selling as the have a huge inventory (shares) that have been accumulated over a long period of time.
http://www.annacoulling.com/stock-trader-tips/how-market-makers-manage-floating-supply/
The Float is being bought accumulated , scooped up in strong hands and if they don't sell there will be less and less to trade causing the PPS to increase due to supply and demand. Buyers wanting to pay more to get in. Some that bought in lower will want to sell as the PPS increases.
Over 300m shares traded since the PPS dropped under $1 back in February until now
Another good read :
. In fact bavituximab, a PS-targeting antibody, is undergoing clinical evaluation for the treatment of solid tumors with encouraging results [26–28].
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4864933/
Nice post and there are yet other examples of Bio stocks going up many many folds.
I'm in and not making any mistakes either.
GLTA longs
Stock price should have never dropped below $1 with AVID alone and possibly can argue higher PPS and that alone is increasing and will add value. I think partnership is next as PPHM IMO can't move forward on their own as we have seen. In the right hands (partnership) and eventual approval of cancers/use of platform, test kits etc. what value (billions) can be added?
We can reassess as time goes on and selling all depends on ones financial situation and time horizon.
But who knows, we can see a partnership then eventually a buyout.
All I know is we are way undervalued