Replies to post #353 on Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Rod: In reviewing your post I took particular interest in your statement: The Phase I Cheetah data was absolutely fantastic!!!
Any longterm HTI/HALO investor knows that it is a significantly bullish signal when you use exclamation points. And here you choose to use three!!! Certainly somthing to pay attention to IMHO.
As for the quietude of the board in response to the phase I Cheetah data, I am not so surprised at the lack of comment as this was in no way unexpected. However, the rest of your comment is really where the matter lays at this point in time, i.e., how and when does HALO capitalize on this fantastic development.
I recall several conf. calls ago that Dr. Lim stated that HALO employs 2 full time staff in the pursuit of partnerships. The analysts on the call gave that info a big ho-hum, but HALO is not in the business of wasting capital, so I've always felt that we could get partnership news out of the blue at any time. That feeling is stronger than ever in light of the Cheetah developments. This is huge and we are truly at the cusp of a memorable pivot point in the development of HALO and the pps.
Very exciting times indeed, despite the quiet. Calm before the storm,IMHO.
Good luck!
-Fritz

[rod5247]

Follow on to help me keep track of short data.

"Look at this a little different. 30th and 15th are settlement dates. 25th and 12th are trade dates for shares shorted. Close on 4-25 was $5.85, close 5-12 was $5.33. Over 508K net shorted over 11 trading days and drop sp $0.52. Over 46K average sold short each day with average volume around 236K. Considering that reported volume is always much higher than actual shares changing hands, the short increase was huge and clearly the only reason the sp is held down. How many more shares were shorted between 5-13-27 below $5.49 with average volume around 200K for 10 trading days in period? The more shares shorted at lower prices the lower the trigger to cover. Mr. Kirks buying triggered some covering but the movement was not enough to affect major short position over $9. As posted on several occassions, shorts control sp until big news hits to break their control."

"Short interest for latest report period, 5/13-27/08, increased by 283,000 shares to 7,500,262. Total volume was 2 million traded with average volume of 200,000 and 28,000 shorted per day. The sp dropped $0.26 for the 10 days, from $5.33 at close on 12th to $5.07 on close the 27th. The trading range was $5.49-4.86. Today was last trading day in this period and the close was $5.46, up $0.39 for the 10 days with the volume just under 3 million. The next report on the 24th will be very interesting. Did the shorts shake out enough retail to cover any or did they short more to prevent the break-out. My guess and only a guess is short interest will be close to 8 million and were unable to hold price down."

Latest short interest from 5-28 through 6-10-08 is up almost 300,000 to 7,800,164. An average of 30,000 sold each day with total volume under 3 million. The current trading period closes tomorrow and as of today the average daily volume is still around 300,000. Mr. Kirk started buying the 11th. Tomorrow we will know if Mr. Kirk continued to buy this week and if shorts can keep price below $5.46. We will have to wait until July 10 to see how many net shares shorted for this period. My guess is over 400,000 between $5.24-$6.17.