I'm not too concerned about the price movement since volume is pretty low. Unless we get truly remarkable news at ASCO though, I don't see this getting to UMASS's prediction (or his broker or whomever). I'd be pretty happy if we could get to $5 and maintain before the next leg up. PPHM's history is a nosedive after ASCO, though. With the likelihood of getting back on the Russell it should hold reasonably well at least until the end of June. I thought we would have a confirmation on the extension of the govt contract by now though.
Please see Moby's chart in the link below. I am not a highly skilled TA person, however, it does not appear that the bottom trendline has been violated and in fact, the recent down move seems very consistent with the chart. Now, should we violate this line I will get very nervous and will agree with the lookout below theory.
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