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Spectrum Pharmaceuticals, Inc. Message Board

  • cjallenemployee cjallenemployee Mar 20, 2013 5:51 PM Flag

    SHORT THEORY COMES TO PASS

    ok now since the shorts were correct (took them about 4 years) Do they move on? thoughts?

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    • I was on vacation when this debacle took place. I try to not check my stocks while on vacation....and glad I didn't or it would have dampened my vacation. I have been in SPPI for over 12 years, so over all, this was not a total killer for me, but extremely disappointing and still trying to digest it completely.
      All that being said, has any one considered another extreme generic Lev shortage in the future? If Fol and Z take off and Fusilev grows in the clinics, this would set up for a very risky short hold. The Fus shortage happened out of the blue and could possibly happen again. I obviously do not think Fus is the franchise drug, but at 5 to 7 bucks, it may not be a bad trade. Also, we still have the rest of the pipeline to look forward to. I will buy below the 7 mark and hope to recouperate some losses. Raj's arrogance got in the way and was lucky Fus gave him a couple of years revenue gift. Finally, a suitor could intervene at thes prices. I use to believe 30 dollars was possible, now 12 to 15 offers look to be more realistic. However, if you buy in the 6's, 15 would not be so bad. If Keller leaves, I will sell everything. Keller will leave because he won't be able to move Z and if Fol has only modest growth....A will be his only long shot.

    • Now that all the dirty clothes are out, I feel that we are
      bottomed out.
      Sherry and other longs, as disappointing as it was, time to gather and
      move forward. Any thoughts?

    • I think MOST (but not all) have already moved on, but expect some think they can ride it lower. We had ~ 16M shares trade when the announcement hit, and more the following few days. Although we have had enough trade the last week to make up the rest of the short position, I suspect some of that was day trading or re-shorting at a lower level. I expect there to still be 3M-6M shorts when we get the report for M/E March.

    • I honestly believe they are waiting for SPPI to post a loss.. that will be the final nail..

 
SPPI
7.09+0.13(+1.87%)Dec 17 4:00 PMEST

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