• Justin M. Hall
    1/30/12 5:42A ET: Going along with the short biotech (BIS) theme, investors might consider picking up n-t-m puts on SPPI.
    1/30/12
    Reply (5)
    • Justin M. Hall: The preferred expiration for SPPI n-t-m puts is January 2013. I like company, but think shares are heading lower from here.
      1/30/12
    • Justin M. Hall: Look for SPPI to retest / revisit 200-day MA at/near $10.40 or so.
      1/30/12
    • Justin M. Hall: SPPI's chart appears to be broken with shares closing below both 20 & 50-day MAs, $15.11 & $14.35 respectively.
      1/30/12
    • Justin M. Hall: RSI on daily chart is now at 38.79. Overall, SPPI's chart does not look good for those who remain stubbornly long shares.
      1/30/12
    • Justin M. Hall: D: I do not own any positions in SPPI, long or short. I have NO intentions of taking any positions in SPPI within the next 90 days! :-)
      1/30/12