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SciClone Pharmaceuticals, Inc. Message Board

  • dlangend_01 dlangend_01 Dec 27, 2012 2:24 PM Flag

    Tax Loss selling

    Looks like the tax loss selling season is upon us - might be an interesting time to pick up a few trading shares - you have to believe SCLN will trade above $5 at some point in 2013.........deep sigh

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    • In the old game of chicken it looks like the shorts won again.

    • Tax loss selling with shorts using the opportunity to take the PPS lower, shares short are better than 10% of float. Institutions own about 55% of the company and insiders another 10%+.

      SCLN has no debt, it has a $1.57 cash per share and a BV of $2.60 per share. Its revenues are $2.80 per share. Subtract cash per share from the current price and the stock is trading at less than one times sales.

      Granted, the write down of the last quarter was not good but that may have been done to get the balance sheet in shape for a sale of Sciclone, the shorts will then have to cover.

      The current price is temporary - but 2013 can't come fast enough.


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