Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

This was a surprising week (for me at least) and it ended on a high note Friday with some decent volume, which had been missing, and end of day trades were at the highs. It might have a little more to run. Absent news I'm also expecting a retracement which could, in time, dip to about $47 or so, but that is assuming another long period of inactivity on the new deals front and the addition of other market downdrafts, both of which are probable. A near term retrace back to the mid $50s is almost inevitable, but I've no idea as to the exact timing there.

Things are moving along and your summary is perfectly on target; the one thing I'm not certain of is the pricing model used to get to that $69. How would you formulate that? How do you see the current pps given the earnings reported?