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Exciting times. Lot's to look forward to in the coming months to 1 year. Full of possibilities.
Good idea. Keep them on the ball!
Cheynew: It's not, you're right, but it is showing up in AZN's news feed.
It does suck that PPHM has to run the trial again though! More $. But if we happen to get great interim data in the coming months, that would certainly help a bit.
At least we get more exposure. It'll show up in premarket gainers, and already showed up on the Think or Swim (trade flash) widget.
Bigbro: Well, I didn't make pennies, I made dollars, 1,622 of them this morning. That's not my point. Yesterday I noticed unusual bid activity (for this stock at these prices) and suggested that something unknown could come tomorrow that is clearly known by some, and you essentially mocked me for it. I do get your point though. It takes a lot to move this stock considering the downward pressure and how easy it is to manipulate. Today we have a morning star, a confirmed breakout, news, a meeting, short covering, and the 10 day sma crossing the 50. So let's see how it does today. I'd like to think all those factors could move it a bit. (which happened in pre- but I'm talking at the open and during the day). Since we are now getting closer to real data (months away) it should start slowly heading up soon. But who knows how soon.
BIGBRO1: Now how do you feel? Looks like I was right. I saw unusual activity and somebody did know something...
Please, I probably know 10x what he does.
cjdaddy: good post w/ timeline. Thanks for laying it out.
No, I sure didn't. But regardless of what you say, these are unusual sized blocks for this company and you know it.
Boom! 405,000 share block at end of day. Plus the other 200,000 block, 65,000 block, another 60,000 earlier, and 57,500 earlier. Some institution is adding, or somebody knows something!
Good set up for tomorrow. 10 day moving average crossing above the 50 day. A potential morning star set up, indicating up, and a PR / meeting.
Nice 200,000 block purchase just now. Somebody covering, or some institution taking advantage of low prices, or somebody tipped off on coming news? Either way, nice. New article here; http://www.capitalcube.com/blog/index.php/peregrine-pharmaceuticals-inc-a-look-at-fundamentals/
Bet anything that overall market and PPHM are up tomorrow. Especially toward close.
Avid expansion should stem some of that cash burn though. That's good. At least we're at the final stretch. Before long, we should start heading up slowly and gradually, as people anticipate expected results from interim look in, and open label study results. I'd expect a semi nice surge toward Christmas / beginning of January. We shall see though, but I fully believe that will happen.
We finally get some bidders at .99. 44,000 shares bidding, only 2,900 selling. maybe s covering. I dunno. but at least we hopefully hit the bottom today.
Ha, I've seen it. The other day i had about a 20k order in, and i kept getting 100 fills followed by 1 fills. Somebody kept selling 101. Just depends if they do a partial fill between 2 bidders. Wish I had waited and not bought the majority at 1.07 on Monday. Could have gotten more like 22,000 today. grrrrr. oh well. Right now there's an error. Because people are bidding $1. But those orders are technically "Buy stop" orders because they're above the ask of .9959. So either those bidders need to come down, or the ask should go up, but I can't see why either aren't doing it! the asks could get more. and the bids, could buy for less. I think people are confused by it right now.
Any longs should definitely see this as a chance to average down. I know I did today. Gotta buy shares. No buying pressure, that's why these shorts are able to smack it down so hard. holding 20,282 now. If / When big news does hit, it's gonna be one great day. Keep that in mind. (if you're holding big #'s that is).
wack day. At least I got 500 more shares at .99..... this is sad. We need some freaking news already. Sure hope there's something good coming out of this meeting tomorrow!!!!!
All I'm saying, and this is true, is that with the volume being so low, it's very, very easy to manipulate. So much so, that when there's low volume on the bid/ ask, I can personally move the price many days - but not all days.
Haha, I know right. I'm holding about 20k shares at 1.07. Hoping it pays off in the ends. It sure would be nice if we could get a little movement in this thing... too low volume, too easy to manipulate. Way too easy. I can personally shift the price most days. That's sad.
Think they'll announce Avid expansion is up and running at annual meeting on Thursday?
Realist1: How do you figure that's right?
If I shorted 10k shares of pphm at 1 and it hits 0, I'd make 10k.
If I shorted 10k shares of a $100 stock, I could make 1 million if it went to zero.
welp, now have 22,513 shares at 1.10. I think we'll double bottom at $1. Shorts will cover, people will buy, we'll move up. Biotech and pharma $IBB & $XBI got beaten up for 6 days due to stupid Hilary Clinton's comments (which Wall st. Believes will never happen), plus she'll never win the presidency anyway. I think this created a buying opportunity, and we'll be headed up. Glad I bought in and averaged down. Just wish I waited for $1 and not $1.07 to avg down from $1.14! Glad I got my buying power to make monies in other stocks while holding :) C'mon rectal cancer data in Oct!
bought 22,513 shares. Avg. 1.10. We seem to be double bottoming at 1.05. I could see a rise to 1.14 - 1.16 in the next week or 2. Let's get some news and get a boost! Great prices to get in! the $IBB and $XBI have been beaten down for 4 -5 days due to Hilary Clinton's comments, but I see this as a buying opportunity. I expect this investment to pay off well short term. Hopefully we get solid rectal cancer data in October.
Well, I did my part and voted online just now. voted "against" for #3
CP: Thanks. That was a lot of good info. I know the specific orders wouldn't come up, but I was thinking: since I 'appeared' to be the only bidder at 1.14 it would be clear that my bid size would show up there, even though it would be showing up under ARCA or EDGX or something, but I guess you're right. I hear people can mask their true order size too, with certain software, making it appear they only want to sell 10,000, for example, while it's really 100k.
But I definitely know people put in fake, large orders to influence the price up or down. I may have to look into a more advanced level subscription if I get into heavier trading again.
Thanks for clearing that up!
That's cool. Just checking. I'll be in anyway.
You'll give us a heads up I hope! I know this is a heads up, but closer to the time I mean.
The great news is: We no longer have long to wait before we find out! 2016 is going to be a big year for PPHM.
Wook: Ha, yeah of course. Well one thing is for sure..when a price moving piece of news does come, all these shorts will be scrambling to cover, so that will help propel us upward. (since they need to buy in order to cover their short). Let's hope all goes well and that happens! So far, regardless of what our share price has done, the science sure seems to be there, so I imagine we're not far away from really seeing this thing take off. That will sure be a good day in my book of days!
Good luck to you too bud.
It just depends. On other stocks that actually move, and have larger daily ranges (when I used to day trade more), yes, I'd do that. So far I haven't needed to, and it saves on commissions - even though that's a small amount. If I had about twice the shares I do now, I'd break it up more. The way I see it, it also helps as showing larger numbers of support at the current support levels. So in some way I think it helps spin a positive note on the stock - in what tiny way I can. These shorts like to push it down, and with the low volume we have lately, it's so easy to do. I figure I may as well take advantage of what they're doing. But I'm going to stop very soon and just hold. Trying to hit 20,000 shares first.
wookie: Yeah I called them on that. My dad is on here: itsabouttime. And I can never see his orders either. I called them and they said it's: "their version of level 2". whatever that means. But from the experience with my dad, I can tell you that for some reason, I can never see other TD Ameritrade client's orders. Which is complete crap, because I can't accurately make decisions without seeing the full picture. If it hits, I'm sure you'll see it, but it typically fills in a bunch of smaller sales kind of suddenly as it fills in pieces.
Then another 17,990 at 11:52 (not me either). May have to move bid to 1.15 :( womp womp womp. Still would gain 300 shares though. Don't like moving my avg. price up, but oh well. Guess it's about time to stop playing with fire, and just hold!
Bidrite, Wooke: Haha, no though it would have been funny. You can see mine on level 2 at 1.14. I may move it to 1.15. Lately there have been some big blocks being sold suddenly that usually fill my bids and get me back in. Believe me, I don't like being out either! But I can't argue with all these free shares, which will sure help when big news does come. So far every time I've done this, I get back in the same day. If worst comes to worst today, I'll just get back in at 1.17 or maybe 1.16, and even out, or gain a few. But the way the level 2 is looking right now.. I may just get that 1.14
bidrite, not sure about an explosion, but generally when this sort of triangle is formed: On the daily chart, the trend lines are converging into triangle, you tend to go some drastic movement up or down at the point (which is today). This stock only has a daily average range of about 7 cents though, so barring any catalyst news, I don't think it'll explode (unfortunately), but this may begin a few day trend upward. Which actually sucks for me, because I've been selling and regaining free shares for the past 2 weeks. I've gained about 2,000 free shares, and sold all today at 1.17 from my 1.14 buy in. Have, 18,500 shares waiting to buy at 1.14 right now, but it may not get back down there today like it usually does :( But I do see what you mean.
Thanks. Your logic makes sense. It's probably the thought process I'd go through as a big block trader / institutional investor.
The one golden goose is the bavi though. They don't want to get in until it's approved, and can start seeing returns on commercialization. Makes sense...lower your risk, and reap rewards.
Those of us who are long are taking a much more riskier approach by investing prior to results. We'll also reap a much higher reward. Some see it as favorable, which is why we have many institutional investors. However, what they've invested is a small portion of what they command. If it goes sour, they'll get out instantaneously, and make it up with their other investments.
Though, I've seen companies with less revenue than Avid makes alone, have higher share prices. So there are definitely shorts hating on the stock - maybe due to prior losses with the whole trial screw up (sabotage?). Many a vendetta out there.
We are in a high risk/ reward scenario, and let's hope the science is good, and ends up paying off well. If it really does well, the sky is the limit, with it's ability to work across multiple cancers as a combination therapy. So it has real potential. If / when this hits, I just hope most of these shorts happen to be sitting on the toilet, so they get burned as badly as possible, and come back from the pot seeing it rise many dollars in minutes on that day. We'll at least move up on the anticipation as well, once closer.
But the compensation you mention...that's unreal. How can they get paid more than apple. They keep drawing from the pot, whether approval happens or not. Must be nice... Agree that they are terrible people for that alone.
Yep, it could just as easily get pushed up though. Most people here are holding, and put money in bit by bit as they get it. If it was all done on one day each week, it would sure move it. but I know that won't happen, I'm just saying that it can go either way. It's much easier for the shorts to do it because they don't need to own shares to make a big sale. They have the advantage. But you're right, they love to brag. May little do they know, it's nothing to brag about, it's easy.
People wonder why our prices don't move. It has little to do with the news. Well, when good news does come, yes we can move if new interest and volume comes in. But it's so easy for the shorts to manipulate simply due to low volume. I just watched a 700 share sale push the stock down a penny. We went from 1.17 to 1.15 with less than 10,000 shares, lol. That's the only reason...no real volume...yet.
Thank you 4 voting info