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The shorts would have brought that figure down far more if allowed IMHO. They are trying very hard to unwind their positions but unfortunately for them there are far greater forces at work keeping the pps at around $7.50, thus thwarting their attempts. Like watching a bug caught in a spider web: fascinating to watch it struggle and one knows that it is not going to end well for the bug.
Good luck!
-Fritz
Halozyme Therapeutics to Present at Upcoming Investor Conferences
SAN DIEGO, Sept. 10 /PRNewswire-FirstCall/ -- Halozyme Therapeutics, Inc. (Nasdaq: HALO), a biopharmaceutical company developing and commercializing products targeting the extracellular matrix, today announced that it will present at two investor conferences in September:
-- Merriman Curhan Ford's 5th Annual Investor Summit to be held at the Mark Hopkins InterContinental Hotel in San Francisco on Monday, September 15, 2008 at 9:30 a.m. Pacific Time (12:30 p.m. Eastern Time); and
-- UBS's 2008 Global Life Sciences Conference to be held at the Grand Hyatt Hotel in New York on Tuesday, September 23, 2008 at 2:30 p.m. Eastern Time (11:30 a.m. Pacific Time).
Interested parties can access a live audio webcast and accompanying slides of the conference presentations via the internet by visiting the Investor Relations section of Halozyme's website at http://www.halozyme.com. Archived presentations will be available on the website for 30 days following the presentation date.
http://phx.corporate-ir.net/phoenix.zhtml?c=175436&p=irol-newsArticle&ID=1195754&highlight=
I don't have a sub to Barrons but here is a publicly available blurb from a new article published there. They are touting BH but the relevance to DPDW is obvious:
Good luck!
-Fritz
------------------------------------------
An Oil Stock Too Cheap to Pass Up
By Naureen S. Malik
Word Count: 937 | Companies Featured in This Article: Baker Hughes, Baker Hughes, GE, Schlumberger, Halliburton
TUMBLING OIL PRICES HAVE BEEN hitting energy stocks hard recently, but for oil-services company Baker Hughes (ticker: BHI), the fundamentals haven't changed much.
Baker makes critical equipment for oil-and-gas production, including drill bits and lubricants and offers a bevy of tools and services to measure reserves.
These parts and services are increasingly important as the hunt for oil and natural gas shows no sign of relenting. About 60% of Baker's sales are from outside of North America.
However, at $63.98, Baker shares have tumbled 20% since the beginning of September and have given up 36% of their value since last ...
Good point, but I don't think that any due diligence of a potential partner would be significantly lengthened. It would be an ordinary aspect of the process in any event.
Good luck!
-Fritz
HALO looks like it will be the last man standing. HALO's studies have been well designed and executed, the numbers are compelling and I believe all testing was conducted state-side (though I haven't gone back to double-check this last point). I seriously doubt that any of the data corruption issues in BIOD's studies will splash any mud on HALO's work vis-a-vis the FDA.
I was not too concerned (well, maybe a little LOL!) of having viaject as a direct competitor since the market is so large, however even that issue seems to have gone by the boards.
I hope no one on this board got caught in the BIOD down draft today.
Good luck!
-Fritz
Thanks for sharing that, brikk.
Good luck!
-Fritz
I don't think we will get any comment from Steve H on this QS topic, nor should we. This is one-sided drum beating from Quality Stocks and nothing more. Steve met with them as he would any potential or active investor, since that is his job. Conspicuous in their absences, however, were any DPDW execs. While they have met other shareholders in recent months (e.g. jdsgungho during his well documented visit) they evidently chose to spend their time more productively when QS came-a-calling. I wouldn't expect any comment from DPDW on their "pre-approved" invitation to this event, and I certainly don't expect DPDW to be going to some Dubai hedgefund, hat in hand, looking for "help". Nothing here but hot air. (IMHO, of course.)
Good luck!
-Fritz
Nothing special. Every room in Dubai looks like that, even the men's room.
-Fritz
BooDog, Ya gotta like this company!
Good luck!
-Fritz
Neurologix Licenses Exclusive Rights to Key Gene for Use as a Potential Gene Therapy for Huntington's Disease
http://phoenix.corporate-ir.net/phoenix.zhtml?c=106413&p=irol-newsArticle&ID=1193068&highlight=
Good luck!
-Fritz
Dehydration often accompanies a broad array of childhood illnesses in general, especially those common stomach bugs that cause diarrhea. Hylenex fills a worldwide need because of the broad demand and ease of use.
-Fritz (a/k/a/ Freg :)
Great article, Siri. That episode is likely to be repeated a thousand times a day across the country and around the world. Glad Baxter is finally getting a move on!
-Fritz
Siri, the August consolidation phase is over, IMHO and the new uptrend has begun. We closed above $7.50 (the middle Bollinger Band) two consecutive days and this is very telling. The next leg up should bring us over the previous stalling point of $8.25 and then $9.00 will be the next real resistance point.
Shorts, of course, will try to force us back down from time to time but we've see that they have been markedly unsuccessful in recent weeks.
Up on decent volume and down on low volume = a very healthy stock. Good luck and have a nice relaxing weekend. September should see some fireworks!
-Fritz
At 71 bucks plus commish he's sure putting it on the line!
-Fritz
LOL! He is rather transparent, isn't he?
-Fritz
The dip below $7.50 over the last several weeks was on extremely low daily volume. IMHO, this was obviously just short sellers shaking the tree in an attempt to get cheap shares to cover. Yesterday vol. picked up moderately and we went north in a straight line.
Thus, despite their best efforts, no one accepted the shorts invitation to sell at $7.10 and we quickly popped back over $7.50 like an over-stretched rubber band. If they are going to cover the remaining 7,350,000 they had better start now.
I really feel that news is imminent. There is just too much action going on in the pharma/biotech arena. September could be the start of of real hellacious short squeeze if my gut feeling proves correct. Too bad on them. They had their fun all the way down from $10.00 to $4.00. Now it's my turn! LOL!
Good luck!
-Fritz
Interesting trading today, to say the least.
A little volume and up she goes!
-Fritz
Idaho, I haven't read that board in a long time. Every time I take a peek over there I kick myself for wasting my time reading those pathological clowns.
Don't be a stranger. We value your input here!
Good luck!
-Fritz
Shorty is throwing good money after bad. Not a recommended strategy.
Good luck!
-Fritz
Firing on all cylinders.
It's a beautiful thing!
-Fritz
Rod and the board:
As Rod stated:
A nice ramp up coming as announced. Hope it is the reduced cost method which would be about 5 times or $25-30 million of existing product. Nice news.
This is a key point and cannot be underestimated. Management mentioned this "reduced cost" manufacturing method more than once
and it is in fact a harbinger of a 500% increase in production. Safe to say they are not going to be storing this new supply in a back room!
Good luck!
-Fritz
Shorts keep shaking the tree but no loose fruit to be had. LOL!
Good luck!
-Fritz
Can't really blame them for trying. Their down side is a lot larger than mine.
-Fritz
Of course there remain Roth and Morgan Joseph who have not changed their negative recommendations which were published last year. Brean is thus the third analyst who has turned on HALO.
-Fritz
Hmmm..I thought I'd read that another one followed Brean, but now I can't find the reference. So for now it's just Brean, (whom you mentioned was not even a presence on the CC.)
Apologies for the confusion :(
-Fritz
DPDW referred to its "CORE" - ask them
LOL! Point taken. As brikk has noted, this nomenclature is now obsolete and should be addressed in future filings.
Good luck!
-Fritz
I continueto be impressed and somewhat surprised that the pps has held up so well this week. In the past we would see it tank under the pressure of a short attack after just one analyst d/g. Here we have two analysts' downgrades and the shorts have not been able to get any traction. All of their efforts have been rebuffed by a buyer or buyers who are picking up everything on offer. The shorts must be getting a little frantic and I wouldn't blame them. The only way they can bring down the share price and cover would be to start selling short a million or more per day but that would just dig them a deeper hole.
This raises the question of the identity and motivation of the buyer or buyers who are supporting the current pps. We can no longer attribute the price support to R. Kirk since he is maxed out. I've been thinking about this for a few days, because, as I said, normally the pps would wither under the pressure of two concurrent downgrades. Personally, I think that the buyers are privy to something, and by this I mean that I'm starting to think that a deal is in the works and we will likely hear about it soon, i.e., by the end of September or thereabouts.
This must be extremely disconcerting to the shorts who have had their way with this stock for many months. They have been trying to drive HALO under $7.50 for six consecutive trading days and have been decisively turned back, despite receiving the help of the two downgrading analysts who are very likely working in conjunction with the shorts. (As Rod has stated, their downgrades after the most recent c/c make absolutely no sense from a fundamental point of view. This leads me to conclude that they are purposely in league with the shorts. But that's another story and not really the topic of this post. The real point here is that the shorts are are pulling out all the stops to try and cover - and it's not working for them.) To those of us who have been in this stock for some time this is a notable circumstance.
I normally don't like to traffic in "conspiracy" theories, but I believe that one logical explanation of this turn of events is the notion of an imminent deal. If it's a sizeable transaction, there will be many eyes on the documents and ears at the negotiation table. Multiple law firms and investment bankers as well as employees inside both companies allow for as many chances that some news will leak and motivate buyers to stay on the ask.
Future days and weeks may possibly prove me wrong but as Dr. Lim is wont to say: "Stay tuned."
Good luck!
-Fritz
Flotec's acquisition effectively doubled the size of DPDW. So what exactly is the "core" business of the new DPDW?
Person marked, soyelpato! You can obviously separate the wheat from the chaff. Kudos! and thanks for posting!
Good luck!
-Fritz
Money continues to flow into this stock.
Impressive given low volume and overall market conditions.
Good luck!
-Fritz
Nice call, dart!
-Fritz
I couldn't find your post calling for the reversal. Here is mine from yesterday. Glad to see we were both right! LOL!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31408655
Good luck!
-Fritz
4mars: y/w! eom.
I forgot to add: "All in my most humble opinion!"
-Fritz
RE: chart OBV, I believe that this number was seriously skewed by the 2 million volume day we had recently. This pulled the trend line down considerably.
OTOH, the accum/dist line shows a different, more bullish path. This indicator, unlike the OBV, is not affected by one day surges in volume.
Also, MFI indicator is in an oversold state, so as far as charting goes, we are prepping for a reversal.
Good luck!
-Fritz
Lot of eyes on this board.
http://investorshub.advfn.com/boards/most_read.aspx
Good luck!
-Fritz
Briefing.com and Dow Jones news report that Roth Capital management has initiated coverage of NRGX with a buy rating.
Good luck!
-Fritz
Hello from Juneau, Alaska public library!
I'm vacationing in the true North for another couple of weeks so take care of the sp until I return. Looks good from here!
Regards and good luck!
Fritz
Yup.
Countdown to liftoff.
Good luck!
-Fritz
The more you know, the less you don't know.
Looks like buyers took some time off to chase some bank stocks today.
Boy, are they gonna be sorry.
-Fritz