Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

That's a tough call, because it depends on the reason for the breakout. Right now, there is none and we're going to stall here and pull back to low $40s in my opinion. A real breakout would require a move to the high mid 50's and beynond and there is no reason for that to happen in an environment where one can get 4% on 10 year govt bonds. I think the analyst who is calling for a move back into the $50s by year's end is out of his mind, to be honest. Such pricing made sense when bonds were yielding 2%, but not in today's world.
Of course, that can change at the drop of a hat if a substantial deal is struck, but that is all speculation and the pace of new deals is, and has been, very disconcertingly slow. I expect nothing from the next conference call other than the usual blithe Helen blather. Hope I'm wrong, but not planning on it.