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Sunesis Pharmaceuticals, Inc. Message Board

  • msq13113 msq13113 Jun 21, 2013 9:45 AM Flag

    Spread on bid and ask.

    Seems like an excessive spread this morning at the start. Are we going to make progress today or churn some more.

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    • Probably churn but it was nice to see snss trade off the lows at the end yesterday. It just feels that they want to keep her above 5. I'm looking forward to seeing the fund and institutional ownership numbers for the end of the quarter. I think we'll be pleasantly surprised again. GLTU

      • 2 Replies to fuchujoe
      • My guess is that we churn through July. We may hear initial news regarding continuation (or not) of one of the LI - 1 studies in August (that's the suggestion in conference speeches by SNSS management). My hunch is that news from LI-1 will move the stock - continuation of those studies will be seen as evidence that VALOR will suceed. Of course, discontinuation will be seen as evidence that VALOR won't succeed, and it will also be seen as meaning that first line is off the table. So - hope for continuation of the LI-1 studies.

      • What will you compare to? Below are two sources I follow.

        From Yahoo:

        % of Shares Held by All Insider and 5% Owners: 29%
        % of Shares Held by Institutional & Mutual Fund Owners: 57%
        % of Float Held by Institutional & Mutual Fund Owners: 80%
        Number of Institutions Holding Shares: 82

        From E*Trade:

        Name; Shares Held; Position Value; % of Total; Holdings; OutstandingShares Owned; Investment Style

        Alta Partners 2.8 M $15.4 M 5.64 5.88% Moderate
        Bay City Capital L.L.C. 5.6 M $30.8 M 11.28 11.76% Low
        BlackRock Financial Management... 2.1 M $11.7 M 4.30 4.48% High
        Fidelity Management & Research... 5.1 M $28.0 M 10.25 10.70% Moderate
        Merlin Nexus 3.0 M $16.3 M 5.95 6.21% Low
        New Enterprise Associates (NEA... 5.6 M $30.8 M 11.27 11.76% Low
        Pyramis Global Advisors, LLC 3.3 M $18.1 M 6.60 6.89% Low
        RA Capital Management, LLC 4.9 M $26.6 M 9.73 10.14% High
        Ridgeback Capital Management, ... 1.6 M $9.2 M 3.27 3.51% Moderate

0.4934+0.0144(+3.01%)1:41 PMEDT