Replies to post #564 on Pharmathene, Inc. (f/k/a PIP)

[JJSeabrook]

Notice of appeal has to be filed within 30 days of the entry of judgment, which they did. Within 14 days of that they have to order the record from the court reporter. The court reporter has 30 days to file the record with the district clerk, unless an extension is requested. Briefs must be filed within 40 days after the record is filed. Could be a cross-appeal filed, but probably not likely. The appellate court will then docket the case for oral argument, which would be months down the road. At their leisure they will render their opinion. That's pretty much the timetable you're looking at. Could be some other motions filed but none of those would set the deadlines back more than a month most likely. PIP

JJ

[dmlabuda]

FYI - Possibility of a Bull Flag formation now on the Daily Price chart. This could be an indication of a sharp rally up. The OB/OS indices are giving neutral readings so, the can can go up or down for a while without becoming Overbought or Oversold. The safe way to play this if you are out of the market is to buy a breakout at the top of the flag. Since you are already long you just hold but consider adding to your position on a breakout at the top of the flag. http://stockcharts.com/h-sc/ui?s=PIP&p=D&yr=0&mn=6&dy=0&id=p20841928803&a=257477249&listNum=1

There are lots of FALSE bull flag formations. So, this analysis is not conclusive but, I wanted to bring it to your attention. It's so much easier to analyze the chart than it is to try and figure out what the aftermath of the court case really means and how the majority of investors are actually going to perceive it. After looking at the chart, it appears that the buyers have been effectively countering the short sellers and the shorts could get caught in a squeeze and an explosive move up will occur. But, that's not conclusive until it happens but, it is very possible now from what I am seeing on the chart.