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Friday, October 10, 2014 10:19:27 AM
But if you use an other date, be free. My trend is UP (actually 230% up since that turn) and it is the one I am watching.
How can anyone suggest that pphm is in anything other than a downtrend?
They can, but they'll have to provide the BEGIN date of their trend if they want us to be able to believe the statement? Of course having to provide the begin date is sometimes a problem because one should have to explain, as do I, why that date was picked :) Otherwise it comes across as arbitrary or convenient picking.
Some would dare to pick the few day peeks of Sept 21th 2012 @5+$, or the couple of March 7th peeks @ 3$ but then the reader would at least be able to see that.
For April 20th 2012 everyone can see that it was the beginning of a REAL LONG TERM REVERSAL.
Good prove
3Y chart
Better prove
5Y Chart
Best prove
10Y Chart
So picking any other begin date will need a good story, hence everybody claiming that the TREND is down, in stead of big time up, either confounds TREND with DIRECTION or must have a much shorter term BEGIN DATE.
But how can we readers know and verify (check and make up our OWN MIND) if no begin date is provided? How can we know the post is correct.
So you say the trend is UP. I may believe you but then you'll have to give me the begin date of the TREND LINE you are looking at otherwise we cannot check your statement.
That is why I do provide my begin date so one can check and see we are 230% up since that date and that we have been CONSISTENTLY in a DOWN TREND up to THAT SPECIFIC DATE where everything turned and changed for more then 5 years BEFORE that date (see 10Y chart above).
You can even see the peeks of the dose switching, the FDA PIII and the Fast Track on the charts. Very tempting to pick those ones to make a point for a down trend.
And Short Interest is down 10% the last month.
Peregrine Pharmaceuticals the Microsoft of Biotechnology! All In My Opinion. I am not advising anything, nor accusing anyone.
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