Feb 23, 2015 : $5.65 *** 52-week low
Apr 08, 2015 : $5.58 *** 52-week low
Apr 30, 2015 : $5.45 *** 52-week low
May xx, 2015 : $5.3x *** 52-week low
Welcome to the world of reality. No matter how much you are pumping, the stock is going lower and lower.
Shorting is legal as much as going long. If a short wins, it is as good as a long. Shorting is not manipulation. A however, a stock can be manipulated by both shorts and longs.
When a stock has weak fundamentals, pro go short so a stock reflects the weakness. From investors point of view, it should not matter short or long as long as it profits the investor.
SPPI is a weak stock with 5 approved drugs since 4 out of five have negative growth and very small revenue. This fact increases manufacturing and marketing costs for these small drugs. Fusilev is the only SPPI drug that has shown growth in past few quarters but guess what will happen to Fusilev now that Sandoz came up with generic Fusilev and court ordered in favor of Sandoz? SPPI is toast. If you want to talk about pipeline or management, good luck. First, show me the money. You know a good year from its spring. Unfortunately, SPPI negatives are numerous and smart money is shorting the stock.
Yeh, now all SPPI problems have poofed with help of yahoo. Raj will say free shares are Yekee.
Recycled drugs won't bring any profit.
SPPI advertizes for 5 approved drugs that are not as good as one average drug.
They either have no growth or are challenged by other companies like Sandoz.
The pipeline is not any better than the approved drugs especially in hands of Raj and his marketing style.
"we just matched the low set in Jan 2011.............why is the current management team still there??"
BOD cannot go against GODFATHER. Everything is controlled.
$5.65 is blinking now.
As a matter of fact, today is the best opportunity to exit before earnings report that may kill the stock again.
"If $25 PPS, can we all get Suites with a 7-day stay?"
Wake up, hold your nose and smell SPPI. It is going lower and lower. There is no hope. It had chance to go to $7 but a series of bad news are coming your way and Low $5 is what you should expect.
By the way, SPPI goes down after the earnings, even with a good one. However, the signs are telling us something bad.
If shorts do not put any order to cover then nothing can help the price.
The price moves up when they decide that it is time to pick the fruits. But until then, retails are wasting their breath. Just go with trend and you are happier. SPPI is a dog and it is treated like one.
Then it become stable. This is a very optometric view. All depends on the market and also the company. But history has shown that SPPI is going to establish another 52 weeks low.
Time for funds to sell dogs and buy dolls.
With this economy, the market is due for a real corrcttion over 10%. Unfortunately, SPPI has started to follow the market recently. I think SPPI has room to shave off another 20%.
You need to talk to some people who are really understand this field.
Do not throw something in the air. Recycled drugs that SPPI is working on are just waste of the time.
Sentiment: Strong Sell
I think SPPI is getting ready for a new fresh 52 weeks low again.
$5.65 was on Feb 23, 2015
$5.58 was on Apr 8, 2015
$5.50 or lower will be in May, 2015.
By the way, say good bye to $6s and get used to $5s and lower.
Anyone who talks about blockbuster drug for a cancer then he is hyping and reliable for false advertisement. Spectrum officials must be careful for their action. When there is only a few a patients in this field then blockbuster term is misused.
One reason for termination is probably money.
How about reducing work force. I am talking about those fat ones who do not do much.
However, if there is no vision from top, then dirt road is taken instead of highway.
Lets not change the subject.
Something happened on 4/23 and we did not hear it.
So, I see failure after failure. There is no break.
No wonder there was silence since Q1 report.
Will we see a new 52 weeks low? I don't know but everything is possible.
hneiman, I am not happy at all especially when I see retail investors lose money and if you are not young then I am really sad and sorry. I lost a few bucks myself. This is a very risky stock and don't try to throw more money at something that is proven to be a loser.
However, you can trade it and get some of your losses back. Buy low and sell little higher, and you see this is happening almost every day. You can do it another way around too.
This is a risky sector anyway. AERI lost 63% on Friday and another 17% today. So, everything is possible.
After all, if SPPI goes down, it is not because of this message board but because it has weak weak management with no vision.
So you mean that the Nevada judge did not know anything about law, patent and he did not do any research but just decided to rule against SP. You were short of saying that the judge was bribed.
Get a life. You cannot change this course. SP will lose it again and again plus it wastes a lot of money and distracts management.
SP needs a leader with vision not someone who just thinks about his pocket.