Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Rod and Board:
Three million shares (in round numbers) were bought up in the last two days. I'm not sure, but I don't believe this is all attributable to the index rebalancing. If memory serves, we went through this once before when HALO upliststed and I don't recall the PPS getting much of a pop out of that circumstance despite the fact that many index funds had to purchase HALO. My one dollar bet is placed on R. Kirk entering the market. The fetters are off of him now that we have full disclosure of the pipeline; he no longer has need to worry about insider trading issues. I believe that this is what he has been waiting for. We should see a filing in a couple of days, IMHO.

This is not to say that the new inclusion into these HealthShares(TM) Indices plays no role. It may be a happy coincidence occurring alongside Kirk's determination to round out his position, thus making them compete for the same shares. Add to this the strong possibility that shorts were caught off guard and we may have a substantial rally as I mentioned in my post this morning. I love it that all this is happening just a few days after the Roth and Brean Murray downgrades! I can't wait to see how quickly they have to eat crow and issue an upgrade! LOL!

I give absolutely no weight to any so-called buyout "rumors".

As for the chart: Normally I would agree with Hew in that I would expect a pause or pullback even as early as tomorrow. But that depends upon the needs and intentions of Kirk, HealthShares(TM) Indexes and chasing shorts. Mix in some momo players who are going to pick this up in their scans tonight and I believe that the 200 day moving average is easily attainable. This would put us in the high 7's before a pullback and consolidation. Of course, news trumps all. "Stay tuned"!
Good luck!
-Fritz