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Re: cheynew post# 191346

Monday, 09/22/2014 9:16:15 PM

Monday, September 22, 2014 9:16:15 PM

Post# of 346050
Interesting that we closed the first day of trading 2014 at 1.39 and closed today at the same. Looking at the Russell 2k it's understandable why small biopharmaceuticals like PPHM are down. The Russell is off 2.6% YTD. The optimist in me says we're doing better than that.

Looking at both charts you'll see the spike in the Russell in Feb/March. Similar charts with many bio's. Same thing happened Friday with many small caps spiking at the close. I suspect it was short Russell positions closing out options forcing buys in the index stocks.

PPHM will get buffeted by bigger market issues until there is trial news. I suspect we'll get something to chew on before the ASM from the IST's. With favorable data we'll hopefully counter any market turbulence.



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