I was fooled by a fake break out on Sept 17 and bought at 13.00. About to break even now. Hope to see 13.00 tomorrow to have a break even trade. Hold three months for nothing.
many people buy breakouts. the market knows this and often screws those buyers. a better idea is to wait for the breakout to pullback, which it almost always does, to the point of the breakout. many times there are fake outs and the price drops back to the opposite side of the range if the break out fails.
and I think a negative catalyst is coming from bad news for eoquin study, as Raj made absolutely NO mention of the drug during today's presentation. That being said, the company is undervalued.
yahoo user- you r relatively new here. i think you are largely clueless as to sppi. i find your posts to be off the mark,,,,, far too often. nothing personal. sorry 4 being offensive. i just disagree with too many of your posts.
the multiple instillation trials on apaziquone are scheduled for final data analysis i believe, sometime at end of 2014. see clinical trials.gov for goodness sake.
clearly you are off the mark on your emphasis on the 2011 apaziquone trials which did not meet the primary endpoints (due to trial design failure, most agree). the market has already punished sppi mkt harshly for that phase 3 fail. look at price history chart dude at that time period. THERE IS NO NEGATIVE CATALYST FOR APAZIQUONE ON THE HORIZON. GET THAT INTO YOUR STOMACH AND DIGEST IT. PLEASE .......... .HOPE YOU ARE LONG AND BENEFITTED FROM TODAY. i have zero idea where you are coming from. but its not my business. but i will refute nonsensical posts that cast sppi in negative light.
you are referencing a footnote concerning sppi/fda meeting that occurred and might still be ongoing regarding the "combined data"......NO ONE WITH A BRAIN IS RELYING ON THAT MEETING AS A HIGHLY LIKELY DIRECTIVE BY FDA TELLING SPPI TO FILE NDA ASAP.
THAT IS A FICTION. if it does play out,,,, then we shoot to 20/sh immediately. but no rational sppi investor is banking on such outcome . DONT KNOW WHY YOU ARE PERPETUATION THIS NONSENSE ON A GREAT DAY FOR SPPI S/H. MAKES ME WONDER ABOUT SUBTLE BASHING...................... but who knows what u r up to.
im keeping an eye on your posts dude.