The margin was getting thin and it needed for SPPI to get a little fat.
Now, it is time to read the other side of newspaper.
Some traders were fooled and trapped. Just to remind them that SPPI cannot be changed overnight.
An activist needs to have over 10% of shares before opening his mouth.
Obviously, Boyed wanted a quick money and retails gave him the money in past few days.
Boyed is selling now. Who knows, he may be Raj's friend too.
This is total irresponsibility of CEO and CFO. They have zero vision and zero market experience.
Stocks.toshort is right. SPPI will go lower regardless of any pump by some people here.
I have been watching andd even traded the stock for past few months. The PPS is under control of some hidden hands. It marked a few 52-weeks low with no news and it held itself with the worst earnings report. When retails are expecting to go lower, it won't but when everything seems to be ok, it drops like a rock. But, overall trend is downward. I am sure it will see low $5 in next few weeks.
Energy stocks will recover and I am watching chk and emes.
And then saying he knew this would coming. Then why he did not tell investors before?
That is says it all. Revenue from all drugs are shrinking. Reducing marketing and sales force too.
pipeline is not the total answer. It takes years before SPPI get to this point if all stars are lined up.
This term was repeated in the CC. Is this hinting that revenue is going zero? It is not only Fusilev that is losing revenue but other SPPI drugs are also in the same boat.
You are right about PPS which will be down.
The report doesn't matter if it better than expectation since investors look forward. Bad report may hint early Fusilev loss. However, Investors want to know about Fusilerv future. Will it be a dead drug for SPPI? Analysts will ask tough questions and the management cannot hide the truth. They better come up with straight answers.
Don't worry, you will be lucky if you see $5.66. The downtrend will speed up next week and a fresh 52-week low will be marked. Do not repeat you mistake and exit before you lose all your money.