Replies to post #149234 on Biotech Values

[oldberkeley]

Re PPHM:

Never good to see people lose tons of money. But if this plays out as expected, we'll soon be heartened by emerging stories from the longs who sold for large profits late last week.

They had paper gains on a scam and they were repeatedly warned that it was a scam.

The "got-out-in-time" stories have already begun. From one of their most active posters and adamant supporters:

I had a really bad feeling after the last conference call. I covered my cost basis but I should have been smarter and taken some profit.

[vinmantoo]

Wow just saw that PPHM cratered on major discrepancies in the trial data gathering. I do feel sorry for many of the PPHM longs who weren't up on science and got sucked by the wild hype from others, many of whom were also quite uninformed about the science. Sadly, the best way to really learn a lesson to get burned.

I saw that almost 70 million shares traded hands today. That is a lot of shares. I am surprised that PPHM still has a market cap over $120 million. I assume the descent will continue over the next few days and take it far lower.