$heff's $tation of $tocks & $olid DD

[rocketeer357]

EXEL

Exelixis expects to close the offerings on or about August 14, 2012, subject to customary closing conditions.

Of course, credability is a major issue with EXEL management these days, but if the offering does indeed close today, I'm looking for a return to normal volume on Wednesday. And a floor in the PPS closer to 4.70 to follow within the next week.

EXEL has been trying to go higher; it opens up and then the dilution shares hit the market and drive the price down. The offering is priced at $4.25 a share, so I doubt it'll drift too close to that number.