they should be going up and arent. why? someone knows somin. when a stock should go higher and doesnt but insted the short intrest climbs.......look out! noone would spend so much money betting against a company thats looks so good without a reason. why not go long? cause they love to sit back and laugh at the little guys ....take their money. they are laughing at sppi now. look at qcor ....sppi next. i got my clock cleaned today. sold everything in discust includding sppi cause something smells. shorts in control and this stock wont go up until it craters. sorry longs
What do they have in common? Comparing SPPI and QCOR is like apples to oranges. QCOR's Acthar is not being covered by Aetna because clinical data shows it's no better than steroids. SPPI's Fusilev is a far superior drug than the generic Leucovin, which has some undesired side effects, not to mention the problems with manufacture that has just caused Bedford to recall their version. Nice try trying to sow fear among longs. You’ll have to do better, my short friend.
for sure this was the reason for today's downward spike.
However, this company has 3 products..Zevalin has lot of growth in it. Folotyn also can become $100m. Further this company has huge cash and strong discipline and have in-house clinical team.
And solid diversified pipeline.
Last but not least, Raj is a visionary and a great executioner.
So hang in tight, even if there is bad news on Fusilev. In 3-4 years, this stock IMO is at least $50-$60
I got hammered today as well...... I got this trading stock software called Market Trend Signal.....so far i purchased 3 stocks that were as highly ranked as possible.....all 3 stocks are down. I wouldn't suggest to anyone to purchase that software.
i hope it comes back some so i can get out with less of a loss !