Five Prime Therapeutics Inc. (FPRX)

[timberwolf7]

help me understand this one here:

-this was just a phase 2 trial. Results appear good enough to get a PH 3 designed and run (at least 2 years to complete??)

-they just announced a 5 Million share at the market share sale. This far out, and with no earnings, no need to talk about the dilutive effect on 35 Mil shares outstanding, for I expect there will be more secondaries in the future..

-they just lost 74 cents/sh in the last quarter IF I read their earnings release correctly..

To me, this looks like a classic Wall Street pump and dump set up... designed to help the company raise money on relatively weak news with respect to future earnings/revenues cause its only a PH 2..

So what am I missing?? That justifies folks paying up to $24-26/sh for something not worth $5 for at least another full year??

disclaimer: said it yesterday that I bought Dec $5 Puts with the share price at $19.60... (was up 60%+ at the close last night on them, laughing this morn when I saw it opening up as it did, wondering what in the hell are folks doing as I explained to my son how MOMENTUM and NOISE can make people do foolish things)