$3.15 was the maine support line. We breached below it today. This is not a good sign albeit the market is down cept for a few. Bears have won so far this week.
ever think J&J could be behind the bear raid? Accumulating shares via a 3rd party and wham one day, they announce a buyout. SP rises and they still control the vote indirectly.
They then might apply for BAT.
A reflection of his upbringing. Father like son....money is the root of all evil. That's why us longs are so ....well.... uplifted?
better yet the FDA announces BAT designation for IMET...they have enough data if not more data than PRM has with their PRM-151 and yet they have managed to get both orphan & fast track.
congrats on CEMP Kitty. Looks like Solithromycin's effective on MRSA as well.
TSRX was the first buyout, DRTX was next. Now's CEMP's turn.
I got stuck buy a careless driver and still stuck on the gerny. 8=3(
....unless they know something you don't.
According to technicals a Bearish Harami cross on Dec 19th is hardly a bullish indicator nor was the bearish Harami cross on Nov 28/14 strength 221 SP $3.70.
We are sitting at a major support trend line. If we break through we could fall to $1.98, this on bad news or a bear market. Otherwise we are poised to move back up to the $4 main line of resistance. Today's trading day is too low in terms of vol. and technicals I've seen previous to buyouts are commonly manipulated by hedge funds to appear what their not. TSRX, DRTX, CBST to name a few.
The high short positions in GERN still has me on edge.
Dark Pools used to manipulate spreads
"Dark pools started in the 1980s when some institutional investors got together to trade in a place where they could avoid the prying eyes of public exchanges or brokers. They wanted to be able to buy or sell large quantities of stocks without affecting the market and thus get better execution prices.
Around 2005 these dark pools only made up 3%-5% of market activity.
Then things started changing in 2007, when the SEC passed new regulations known as Reg NMS (Regulation National Market System).
In Reg NMS were provisions that seriously upped competition for the exchanges. For one, it got rid of rules that protected manual quotations by exchanges. All of the sudden investors had the option of skipping exchanges if they could find a better price more quickly elsewhere.
Broker-dealers saw an opportunity in this (and in the rise of automated trading), and they started setting up their own dark pools. Institutional investors and bulge bracket banks started heading over to them to save on trading costs.
Today trading in dark pools accounts for about 12% of volume in the US.
Ultimately, the key benefit of trading in the dark pool is "price improvement". Say the bid for a stock on an exchange is $10.00, and the first asking price is $10.10. A typical dark pool will set the price at $10.05, the midpoint between the bid and the ask.
And traders like that. No, they love that."
PRM's drug worked equally well without Jakafi, pointing to the fact that Jakafi is really a useless therapy overall. It would be interesting to see a comparison study between Imet & PRM-151 but neither are approved yet.
$1billion, $1trillion, people are desensitized to numbers Maine.
Up until GERN announced their partnership with J&J, INCY owned this space.
Promedior's PRM-151, sort of where IMET was over a year ago using only 27 patient data, has just received fast track on top of orphan drug designations and was used in combo testing with ruxolitinib "PRM-151 was safe and well tolerated on weekly and monthly dosing schedules, both alone and in combination with ruxolitinib, with no evidence of myelosuppression"
My impression is that Promedior's wheels were greased by certain lobbyists at the FDA to get their designation as fast as they did. Without a big brother backing GERN the shorts would have run the company into the ground. Scarlet probably knowing this seeked out a stronger partner. With J&J GERN is in a much bigger league of FDA lobbyists and have sig. more clout on panel reviews to get such special status approval.
I wonder if/when Promedior's announcement of partnership with INCY will be made public.
"Recent CandleStick Analysis
Dec-16-2014 Homing Pigeon
Dec-15-2014 Bearish Engulfing "
much better than last week's golden shower.
from American Bulls
"Compare the pattern’s strength and reliability with the market to help you in your buying decisions.
BULLISH HARAMI CROSS
This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks, in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.
A bearish mood prevails in the market, and a downtrend is in progress. The first day’s candlestick is a black body, which further supports bearishness. However the next day, prices open higher than the close, or at the close of the preceding day. The short traders are alarmed which leads to the covering of many short positions, causing the price to rise further. Moreover, the day closes at the opening price, showing lack of decision among traders. The increasing level of indecision and uncertainty amplifies the likelihood of a trend change and cause a reversal."