Well at least he mentioned a date/time now which makes it a trend.
And Yes, the hand-picked long term 10Y PPHM trend is without ANY doubt down. Even Clay Trader would come to that conclusion. But there is/was a natural reversal since Q4/2011-Q1/2012.
Take the Post Spet 24th 2012 point where an IMPORTANT event broke the trend that was up till 21th Sept 2012 and we are in an UP TREND.
With trend, for those that understand it well, it is not only important to be able to pick a begin point and draw a line to now, but you also need the skill to pick the APPLICABLE trend and say WHY you picked that trend.
EVERY SINGLE SECONDS there is a trend starting for PPHM. Why does lemmy pick a 10-years and I pick Sept 24th 20102? Why didn't we take an x-week trend or why not since the creation of TCLN/PPHM? The reason is because a trend is not just something you arbitrary pick.
OR you pick one to prove a point, make a statement that will be supported by the picked PPHM trend. Or you pick one of which you SAY WHY you picked that one and WHAT it has to support.
I pick Sept 24th 2012 because there was a LONG TERM TREND BREAKING EVENT (the dose switching, now called sabotage, PR) with a PPS drop from 5.40$ to 80 cent in less then a minute. There is no trend line from BEFORE that date that makes ANY SENSE. PPHM had to start rebuild that very single day as if it was reset.
So since that point we are on a slight up-trend, but I would agree to even say we are also kind of side-ways moving. And that is EXACTLY what we needed to do because the market want CONFIRMATION on Bavituximab before it can drop MEANINGFUL amounts of money into PPHM.
The several peeks, including the MARCH 2014 peek are MEANINGLESS manipulation in the UPWARD direction, just as where the 1.28$ down valleys. We are moving in a BAND (range) sideways and actually should be between 1.80$-1.90$ after the Fast Track. But OK it isn't exact math so 1.30-1.50 will have to do for now while waiting for the results.
News 
Market Data 
Discover 
AI
