Repeating the old news won't work. Investors are not trusting SPPI management since they have not delivered so far. Any change in top management is a good news.
Basically, investors are saying show me the money and do not call a drug that is not approved yet and it has not earn a penny a blockbuster. A blockbuster drug is one that earns a few billion rev/income per year. We will not trust anyone that hints a drug blockbuster when the drug has not earned a penny.
We do not trust Raj because he exaggerates and he does not deliver.
Management better be honest and show it by helping the company but not dumping shares and earning plenty of shares when investors are suffering.
And most others will die eventually. This is obvious since the life and death is involved. You don't want to half alive and you don't go for second and third hand drugs when your life is involved.
I am wondering if some small companies are wasting their time with second hand drugs!
We have seen so many end of the day mostly bloody and unhappy. It is rarely that end of the day becomes a happy day. Yesterday was a happy day, a day that motivated investors but when you think about it, that was an empty day too. That was like in the land of the blind, the one-eyed man is king.
I am long but very frustrated with today's action. SPPI cannot hold any price. I have stopped buying until I see some signs of bottoming. That may happens after the earnings, hoping SPPI future will be more clear.
I am amaze that SPPI acts very secretively and there is no transparency .
No real investors here but mostly traders.
They pump and dump or vice versa.
The weak management causes this situation.
This company needs a strong board and management and it will not change until that happens. No matter if this company come up with one or two blockbuster drugs, it will sink with current leadership.
They are going to bank in expense of some shareholders.
How many times this scenario has been repeated?
No wonder that longs frustrated.
SPPI acquired a new drug but it did not revealed the cost.
ABBV is paying $21 B for a cancer drug and it was down over 5% this morning.
Hope the in cost of acquisition does not affect Q4 earnings.
Ok, you need to look at the chart for past 3 years. In past, when SPPI dropped more than 15% like recent drop then it traded for 7 to 8 days at low prices and even went down a little bit more until in 8th day rebounded and it continued for several days (change in trend) until 75% of the gap down was covered.
This is started to act same as its history. That means, today is first day of rebound and we will see several days of same action until PPS reaches near $7.
It may not since today's news has two messages
1- SPPI is going for growth
2- Q4 report must be good for SPPI to focus on these kind of deals.
Someone was saying that SPPI is quite and that is not a good sign however, todays' news proven him wrong especially more details about the deal will be released on report day. SPPI is in its "quite period" before earnings and it cannot say too much about some matters.
Don't worry about PPS now since big guys need to accumulate enough shares at low prices before the big run.
Just open your eyes, CRIS is a company that do not have anything with no experience and just started a few drugs in phase one yet its market cap is close to SPPI. You see something does not sound about SPPI that is its PPS. It may take some times but clouds cannot cover the SPPI for ever. SPPI will shine one day and it will be late for people who do not see SPPI potentials.
1- Drug development and clinical
2- Apply for approval and deal with FDA
3- Market the drug.
Not all small caps have all above and they mostly lack one or two.
Sooner or later, some companies will realize the value of SPPI.
Phase 1: Short in the morning, keep the price high enough to short enough shares.
Phase 2: Time to push the price down with for low of the day
Phase 3: Cover the positions which cause the price to recover some before close.
In addition, I do not think hedge funds pay them on weekends even though they try to push their luck.
May be they do it free on weekends.
wow! lome70 is running out of option. Talking about misleading investors on a public board daily with help of his other IDs and hedge fund club. How he has dared to threaten others with court!?. What a jock! At least I my Sunday laugh.