Unfortunately, SPPI is one of the losers.
Why does anyone take SPPI seriously?
tick, tick, short interest is up again.
IMGN is up 72% today because of just phase 1 of a cancer drug.
SPPI is waiting for approval of CE Mel and no one gives a rat's patoot.
You must be deaf, blind and no brain to not see why?
This scenario will be repeated over and over in near future.
The only thing that I can think is that SPPI bagholders are compulsive gamblers who enjoy losing money.
1- It is only drug in US that approved in past 30 years in CII Opioid space.
2- Only Opioid drug with dual purpose for pain, nociceptive and neuropathic pain.
3- A pain drug with low abuse profile and minimum side effect rate.
This can be a blockbuster pain drug and DEPO will make several billions out of this drug.
Speaking of bad eyes, it is time for you to recheck your eyes too. Out of 18k shares, only 100 shares came from bad eyes and the rest were with normal eyes and traders at close price.
This is message board, a place that people waste time for fun but not a place to get medical advice.
After all, a concerned person should not waste time here on a company that does not provide any leading drug but junk.
RAX probably goes lower until it announces a major partnership or something that deserves current PE.
There are some gaps to be filled too.
You got it backward. PPS was under $6 until Armistice showed up. Armistice bought 3.6 m shares recently when the stock marked three 52-week low. I am wondering if Armistice was involved for those price cut. But the point is that Armistice was looking for a quick money. Of course, there are manipulators from both side of the isle, long and short, who pushed the price near $7 on expense of some suckers. Armistice, Joe and company sold out and some went short. Now, it is SPPI again and those who are still dreaming of miracle. No buyer hinted so far and may be will not since no word of Raj can be trusted.
Armistice pushed it away from 52 weeks low. However, Armistice went to bank to deposit its gain from SPPI.
SPPI is left for free fall. Support is around last 52 weeks low or $5.45.
200 SMA moved up around $43.97 and it will go higher in coming days.
RAX has failed to close above it so far. If it does not zoom up soon then it will drop to fill a gap to $38.
Who else does need a quick money out of SPPI retail pockets?
SPPI needs to put a banner "We help you if you need a quick money". There are a bunch of sucker longs here who just waste their money and are willing to help hedge funds to become billionaires at quickest time.
Joe and his gang just pave the road. They get paid too.
Current CRM market cap is $47 (7 times revenue) then it is probably asking for 30% premium which put it at $61 B. Too expensive and no one will touch it.
RAX is sitting at $6B market cap, extremely cheap. However, the RAX vision makes a huge difference here. Read today's RAX and CERB news. They are making a standard which will lead the technology. RAX and AMZN will do a similar thing. RAX just innovates and it is ahead of peers. One thing about RAX, while it is venturing for new technology, it keeps positive cash position. So, RAX is place to put your money. I am sure after releasing AMZN deal, RAX will not stays below $50.
Sentiment: Strong Buy
Ok Mr. kompressor, RAX is not for sale at this point and these prices since it is not a hit & run but an innovating company that is working to build a new business which worth billions besides what it has now. This will be announced this year based on the CC.
After all, AMZN is and will be RAX partner besides MSFT. Now, GOOG is losing business and that is the reason for lowering its prices.
Based on Gartner, Amazon Web Services has more than 10 times the computing capacity in use than the next 14 (!) largest cloud companies combined. RAX is working hard on the AMZN partnership.
Sentiment: Strong Buy
Armistice wants me to cut everything, from paycheck to other things (circumcision is not an option).
Let me explain it to Armistice. When I was young and there was not enough food around I was told to go to US since money drops from the sky in the USA. First, I got my PHD that took several years and many rupees. Of course I was missing all the money from the sky. Second, acquiring a green card was not that easy either.
$70m is nothing compares to income of Steve Jobs and others who dropped out of the college.
In addition, I have a message for pier986. Dear friend, I have a plan to live and run SPPI until I am 100 years old. I am taking care of SPPI and SPPI shareholders are taking care of me. I have done many deals for company and several drugs have been approved. So, the company owes me and I expect to get my benefits since my sons and my great sons should be happy in future.
By the way, Joe is doing a great job in muddying the waters. However, some posters may not fully understand my capabilities. They are hinting that I have alzheimer. I tell them that they are wrong since I can count my money fine and even I can count them backward. With friends like Armistice, who needs more enemies.