I have invested in PIP several times successfully but in recent days I note some apathy in the stock, little volume and a slow slide to the downside. Is everything still a go with SIGA legally? Is the merger with the bio-tech company going along smoothly? Thanks in advance guys.
I've been tinkering with the idea to look into the Judges Financials.... is he playing the insider game and hedging against his final decision???? Is he ready to line his own pockets before FINALLY SETTLING the Legal Side of PIP/SIGA saga? Basically the same ol Legal Beauracratic #$%$ !
Apathy is good - it means us old timers and savvy newcomers are all mostly sitting on cash with a low bid mentally penciled in, waiting for some long to give up, or some equally nervous short to have a go at painting the tape. PIP's customer is, after all, the US Gvt (you may have heard some news about them). PIP, SIGA, and the market in general are holding up pretty darned well, considering the foolish antics on the Hill; should give shorty pause, and I suspect the antics are more about giving shorty cover than anything else. I haven't seen a proxy vote email yet, but I think the only event that could stop it is Ron Perelman attempting to buy PIP out.
Sentiment: Strong Buy
Thanks Tee for your comments. I had been away from the stock and that is why I was so surprised at the hum-drum activity in it. I am going in this week for my initial position and am curious about the good and the bad concerning the recent bio acquisition. Are they a company that can help PIP short term (year) or are their research projects geared to Phase !!! type success somewhere further down the road. Have a good day.