FocalPoint Anal...'s  Instablog

This post has 103 comments:

Register or Login to rate comments »

Mayascribe Comments (8253)
 
Here's the very latest short squeeze info about NVAX (hat tip to SA member Markjseventy):

Markjseventy is a member of shortsqueeze.com and authored a good Insta explaining/defining shortsqueeze's indicators. In the comment section I asked him to bring up NVAX's squeeze. Scroll down to see his interpretation and the latest rankings.

seekingalpha.com/insta...
14 Mar 2010, 12:26 AM Reply Like

tripleblack Comments (11478)
 
Maya: Thanks, and to Mark too. That looks like a logical analysis which links well with what HTL and User have been putting forth.

(VICL) has been strong, it is becoming a solid little pharma anchor in my portfolio, while (CVM) is still going nowhere.

(NVAX) is looking stronger to me. I'm up there, and holding pat.
15 Mar 2010, 07:00 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: 2/26/2009 period ending short data.

Short 12,263,808, down 1.9%, avererage daily volume of 1,060,493 means it now takes 11.56 days to cover, the highest since 3/31/2009 period end. Volume Weighted Average Price (VWAP), using daily mean price, was $2.34.

HardToLove
15 Mar 2010, 08:01 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: Files $150MM shelf registration. No details yet on my news source.

SEC filings here - I'm just starting to look at them now.

www.sec.gov/Archives/e...

HardToLove
16 Mar 2010, 08:16 AM Reply Like

H. T. Love Comments (13219)
 
As usual, issued from time-to-time, no price or quantity set yet. Their estimates are based on 3/11 price of $2.48. I'm skeptical.

"Each share of common stock includes a right to purchase Series D Junior Participating Preferred Stock attached to the common stock."

Two prospectus: a normal one and "a sales agreement prospectus covering the offering, issuance and sale of our common stock that may be issued and sold under a sales agreement with McNicoll, Lewis & Vlak LLC."

Here

www.sec.gov/Archives/e...

the second prospectus included indicates 25MM shares. Quite dilutive.

"This prospectus relates to the sale of up to $50,000,000 in gross proceeds of our common stock pursuant to the sales agreements. Our board has authorized 25,000,000 shares of common stock to be sold pursuant to this prospectus."

"... we will pay our sales agent a commission equal to 2% of the gross proceeds of the sales price per share."

"Based on the closing price of our common stock on March 11, 2010, because we are limited to the sale of common stock with gross proceeds aggregating $50,000,000, the maximum number of shares we could sell is 20,161,290. If 20,161,290 shares of common stock were sold at the March 11, 2010 closing sales price, we would receive $50,000,000 in gross proceeds, or $49,000,000 in aggregate net proceeds assuming the sales agent fee is paid as described above. The actual proceeds to us will vary".

"The net proceeds of this offering will be added to our general funds and used for pre-clinical studies and clinical trials of our VLP-based vaccines, internal research and development programs, working capital, capital expenditures and other general corporate purposes as further described in this prospectus under the heading “Use of Proceeds.”".

HardToLove
16 Mar 2010, 08:42 AM Reply Like

Mitshu35 Comments (231)
 
I was just about to post the shelf. The sheer size of it sure makes it look interesting. Could be a large partnership coming, adopting a poision pill to prevent a hostile takeover or they are anticipating not getting enough BARDA funding awarded to them for future development costs. I'm guessing we'll see a significant partnership announced shortly.
16 Mar 2010, 08:32 AM Reply Like

Mayascribe Comments (8253)
 
I sold off 80% of my NVAX shares (for just enough profit that I can get extra cheese on my next Whopper!)

Dilution means NVAX should be available at a lower price soon.
16 Mar 2010, 11:45 AM Reply Like

FocalPoint Analytics Comments (5068)
 
I stopped out last week at 2.46. Keeping tight stops in place seems to be one way to guard against dillution (shelfs) by these small companies. I learned that lesson the hard way with NVAX. I will re-enter again after the stock drops.
16 Mar 2010, 11:57 AM Reply Like

H. T. Love Comments (13219)
 
VICL: ... announced today that the U.S. Navy, through the Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc., has awarded Vical a contract to conduct a Phase 1 clinical trial of the company's Vaxfectin(R)-formulated DNA vaccine against A/H1N1 pandemic influenza (swine flu). Vical had previously been awarded a contract by the U.S. Navy, in collaboration with the Transformational Medical Technologies Initiative (TMTI) of the Department of Defense (DoD), to support large-scale cGMP vaccine manufacturing and related clinical and regulatory preparations for the trial, bringing total U.S. government funding for this project to approximately $2 million.

The Investigational New Drug (IND) application describing the trial design had been allowed by the U.S. Food and Drug Administration (FDA) in 2009, so the new funding clears the path for the trial to begin.

"The 2009 outbreaks of H1N1 pandemic influenza provided an excellent opportunity for Vical to demonstrate the speed of our vaccine development approach, particularly in the crucial early weeks," said Vijay B. Samant, Vical's President and Chief Executive Officer. "Our collaborators within the U.S. Navy are focused on developing a more responsive vaccine platform to provide rapid protection for military personnel against future emerging disease threats. The Navy funding of a Phase 1 trial allows us to build on the success of our H5N1 vaccine, expand the safety and immunogenicity database for Vaxfectin(R)-formulated vaccines in humans, and open the door to broader collaborations with the U.S. government."

As previously announced, Vical was the first company to produce a vaccine against the A/H1N1 influenza virus after the initial reports of widespread outbreaks in Mexico, and the first to announce robust immunogenicity results from animal testing in two species. The company has opted to advance the H1 DNA vaccine, formulated with Vical's patented Vaxfectin(R) adjuvant, only with continued government funding.

HardToLove
22 Mar 2010, 06:37 AM Reply Like

FocalPoint Analytics Comments (5068)
 
(March 17) Parenteral Drug inks distribution deal with China's Sinovac Biotec (SVA)

Parenteral Drugs India Ltd (PDIL) today said it has entered into an exclusive distribution deal with Chinese Sinovac Biotech Company for purchase and supply of HIN1 influenza vaccine in the Indian market.

Headquartered in Beijing, the company is a leading vaccine player in China and the first in world to receive approval for H1N1 influenza vaccine, a statement said.
news.webindia123.com/n...
23 Mar 2010, 03:43 PM Reply Like

tripleblack Comments (11478)
 
User: Interesting, I wondering what impact this might have on NVAX?

(VICL) was a little sleepy today, but (CVM) regained some ground, and remains slightly above where I bought in most recently (though for no apparent reason).

I am tracking a dozen pharma stocks, but none that I really want to jump on right at the moment.
23 Mar 2010, 05:20 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Hi Triple... NVAX has their India partner, but SVA is now in that market with a proven product, so they have first mover advantage. This should allow SVA and their Indian partner Parenteral to get some revenues on the existing SVA H1N1 product. That's a big market, so SVA revenues should increase. The problem with SVA is they have a habit of diluting their stock.

In the long run, I think NVAX should have the advantage because they are using a faster development and manufacturing method (virus like particles as opposed to the old chicken method). So once they get their first product going, they should have a faster ramp-up process.

VICL is number three on my to buy list when I re-enter the market. I don't understand CVM at all... But I am keeping them on my radar screen.
23 Mar 2010, 08:30 PM Reply Like

robert.b.ferguson Comments (9446)
 
User: Greeting. I have (NVAX) as the only stock left on the buy list in this niche. There are a couple of others higher in the pecking order just not in this area. Thank you sir for the yeoman's work you do here and the investment acumen you you bring to this forum..
23 Mar 2010, 10:03 PM Reply Like

Mayascribe Comments (8253)
 
Robert: (SVA) with their green eggs might just be the ham here. Niched humor aside, they are very involved with the two largest populations on the planet. Frankly, I wish I would have bought a few thousand shares right after their last offering, which pushed the stock under six clams.

Last year I was doing some three day after secondary trading that plum worked really well; should have done this trading idea with SVA.

SVA is on my radar as being a super stock to own. Just want to hear some more "clamoring."
24 Mar 2010, 02:10 AM Reply Like

tripleblack Comments (11478)
 
I've been tracking SVA for a while, though I wanted to wait at the time until the Communist Party bosses had finished torturing their banks.

They appear to now be on rails with their plans, including adding 5% or so (probably done all at once, though they love incremental steps in these things) to the yuan.

My (CTEL) has worked out remarkably well (and pays me over 7% yield), though I will start taking profits on it shortly (I'm waiting for the currency boot to drop).

(SVA) may well be my next Chinese adventure, and one which I need to get into fairly quickly (I believe the yuan up-peg will occur over the next quarter).
24 Mar 2010, 08:59 AM Reply Like

tripleblack Comments (11478)
 
Check the (SVA) 5 year chart, though, they have a clear pattern. They should be hitting their lows for this cycle soon.

Its a race as to whether they hit their low plateau before the currency revaluation.

I'm thinking they are selling at half their 52 week high right now, but might drop another 20%, so I'm holding off for a while to observe.
24 Mar 2010, 09:04 AM Reply Like

H. T. Love Comments (13219)
 
NVAX:

o announces positive results from the entire 1,000 subject Stage A of its two-stage pivotal study evaluating the safety and immunogenicity of Novavax's unadjuvanted 2009 A/H1N1 virus-like particle pandemic influenza vaccine. The data showed that safety and immunogenicity of the vaccine were consistent with preliminary results disclosed earlier from the first 500 volunteers of Stage A where the vaccine was found to be well tolerated and immunogenic at all three dose levels tested. Novavax is conducting this study in collaboration with Avimex Laboratories of Mexico to support registration of the vaccine in Mexico and potentially other countries.

-- Independent Data Safety Monitoring Board (DSMB) concludes that Novavax's
2009 H1N1 VLP pandemic influenza vaccine is well-tolerated and induces robust
immune responses with a single injection at all dose levels tested

-- Stage B enrollment completed with over 3,500 volunteers in the trial


HardToLove
24 Mar 2010, 09:44 AM Reply Like

H. T. Love Comments (13219)
 
NVAX
Novavax Inc. (NVAX) announced what it called positive results from Stage A of its two-stage study evaluating the safety and effectiveness of a pandemic influenza vaccine.

Shares recently rose 5.6% premarket to $2.47. The stock has more than tripled in the past 52 weeks.

The data showed that safety and immunogenicity, or ability to invoke an immune response, were consistent among the entire 1,000-person study population with preliminary results previously disclosed from the first 500 volunteers of Stage A, where the vaccine was found to be well-tolerated and immunogenic at all three dose levels tested.

Novavax is conducting this study in collaboration with Avimex Laboratories of Mexico to support registration of the unadjuvanted 2009 A/H1N1 virus-like particle pandemic influenza vaccine in Mexico and potentially other countries. Virus-like particles mimic the external structure of viruses but lack the live
genetic material that causes viral replication and infection.

The study is being conducted at the Mexican Institute of Social Security, Latin America's largest medical and research center. Novavax President and Chief Executive Rahul Singhvi said the company has applied for approval in Mexico. Stage B of the study has completed the enrollment of 3,500 volunteers.

Novavax raised $56 million in capital last year to help fund its drug-development efforts. The biotechnology company's focus is vaccine creation using its its virus-like particle technology.

HardToLove
24 Mar 2010, 09:48 AM Reply Like

robert.b.ferguson Comments (9446)
 
Thank you HTL that was one of the key developments I have been waiting for.
24 Mar 2010, 09:54 AM Reply Like

tripleblack Comments (11478)
 
Agreed. (NVAX) might have some headroom now.
24 Mar 2010, 10:03 AM Reply Like

robert.b.ferguson Comments (9446)
 
Just opened a moderate position in (NVAX) @ $2.62. This could be interesting going forward.
24 Mar 2010, 10:08 AM Reply Like

Mitshu35 Comments (231)
 
Interesting indeed. Keep in mind that NVAX still has to fill 2 board seats by mid April to be in compliance. I'd bet my last $ (if I were a betting person, which I am!) that at least one of them will be filled with a new partner - I expect we'll see a major partnership announcement coming from Europe...I believe that's why that mixed shelf of $150M was done recently. We'll also see the results of the head-to-head trial next month. Next 1-2 months will be exciting to be sure! Plus we have a large short position on this stock to boot!
---
This could be interesting going forward.
24 Mar 2010, 11:47 AM Reply Like

H. T. Love Comments (13219)
 
I've been more patient than my native personality allows on NVAX. Kept my positions in place (current cost in two accounts of $2.33 and $2.32, aggregate 3K shares) figuring they would progress within my lifetime. Now I have to wait some more to see if the shorts start doing their panic thing.

HardToLove
24 Mar 2010, 10:38 AM Reply Like

Mitshu35 Comments (231)
 
Yes, it's hard to be patient with NVAX while the rest of the market goes up daily. Our time will come though.

Anyone know when we might expect to see the results from the 3,500 patient study? Sure seemed to take a long time to get the full 1,000 patient results out, but am hoping this Stage B result reporting moves quickly.
--
Stage B of the study has completed the enrollment of 3,500 volunteers.
24 Mar 2010, 11:02 AM Reply Like

H. T. Love Comments (13219)
 
NVAX: 5.174MM trades by 12:00 EST. Normal volume for the *whole* day is 1.153.

5x volume in a half day? Looks like the shorts (will have to, have had to?) make a decision.

HardToLove
24 Mar 2010, 12:01 PM Reply Like

robert.b.ferguson Comments (9446)
 
(NVAX) was back @ $2.63 after bouncing off of $2.57 earlier. I'm not calling that a new support level but it could develop that way. What do you think HTL?
24 Mar 2010, 12:13 PM Reply Like

H. T. Love Comments (13219)
 
Just taking a quick cursory glance, there is a support @ $2.60 (older) and recent $2.57 (both appx.). But those were low volume. With the volume seen this A.M., my guess would be *not* an initial surge of short covering (that estimate based on the fact that the major volume was right at the open and then volume and price was *very* stable so far, 13:05 EDT).

We had a gap open and I expect to see NVAX pull back to try to close the gap. When the initial sentiment kick wears off, it may be that it'll do another slow down move to some new consolidation point. With the positive outlook provided by this mornings news, the new low points should be higher than in the past.

What I can't gauge: possible upside moves from folks getting the news late. If we have a lot of new entries continuing for several days, there may be no move back to fill the gap. Or it may partially fill, around $2.45?

A critical factor will be seen tomorrow. If an isolated island is formed (opens gap down and doesn't fill that gap), it';s a very bearish sign. I'd rather see it open in range and then as it trends lower over time with normal volumes I'll feel a bullish trend will be developing shortly.

If the positive news is picked up on the chat boards, SA articles, etc. then we should see a strong up continue.

I'll do a more in-depth this evening and if I see anything to add to my thoughts, I'll post. Maybe I can see what Fibonacci shows - if I'm to learn that, I have to start using it too.

Heh! Nothing like a wishy-washy CMA evaluation, eh?

HardToLove
24 Mar 2010, 01:12 PM Reply Like

robert.b.ferguson Comments (9446)
 
Thank you HTL. On fast breaks that's about as good as it gets. It's been in my experience, as limited as that is, that down side gaps fill first. That being said frequently old resistance becomes new support meaning that after the down gap fills support could end up between $1.50 and $1.60. I would be good with that and add on dips leading to next years flu season in the northern hemisphere.
24 Mar 2010, 01:50 PM Reply Like

H. T. Love Comments (13219)
 
I'm sure you meant $2.50-$2.60? That's in the range of a prior support too, several months back, IIRC.

One thing I don't know how to assess is the effect on later stage reporting, as we've seen today, on future price action. I would think that the further along the phases we get, the stronger the effect on price would be.

I'm also hoping we hear some news from their India partner soon - that would give a big boost. For now though, I think the Mexico progress will be most likely and, *maybe*, one of the southern hemisphere countries might place an order when the Mexico approval comes through.

Probably a long shot though and User (I think it was him?) pointed out that the southern countries tend to buy lower volumes of vaccines.

HardToLove
24 Mar 2010, 02:03 PM Reply Like

robert.b.ferguson Comments (9446)
 
Good catch HTL that is indeed what I meant. User and I were both of the opinion that the southern hemisphere tends to purchase these types of things at a reduced volume from the northern hemisphere for many reasons.
24 Mar 2010, 02:26 PM Reply Like

tripleblack Comments (11478)
 
I agree about the estimating, HTL, the theory usually is that later stage reports are more meaningful - though of course that can cut both ways. But the fact is that I rarely see a late stage report do anything but lift a stock, even in those cases where the product ultimately bombs out completely. Just getting that far gets investment interest flowing.

Human nature, I guess.
24 Mar 2010, 03:06 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: Got a mention on CNBC just now, about the pop and 1 phase to go before possible approval. This might generate some upward pressure?

Today's range $2.55-$2.72 and close $2.60 w/excellent volume, 6.715MM trades done.

HardToLove
24 Mar 2010, 04:08 PM Reply Like

FocalPoint Analytics Comments (5068)
 
I am keeping an eye on the shorts.
24 Mar 2010, 04:14 PM Reply Like

Mitshu35 Comments (231)
 
Now here is an interesting development on the NVAX front...

Allende is no longer with NVAX - she's working at Baxter now. We heard that she left the company a month ago, but no PR/filing was done even though she was an officer of the company. Allende was instrumental in the Mexico testing.

Not sure what to make of this, but the timing is interesting to say the least. Apparently no non-compete clause in her agreement. Interesting, interesting.

Info below from Allende's Linked In page:
Maria Allende
Current Medical Director at Baxter BioScience

Past Executive Director, Clinical Research and Immunology at Novavax
Director, Clinical Development at MedImmune Vaccines (purchased by Astra-Zeneca in 2007)
Medical Officer at Vaccines Clinical Research Branch, NIAID, NIH
Medical Officer at DMID, NIAID, NIH
Associate Director, Biologics, Clinical Research at Merck and Co., Inc.
26 Mar 2010, 01:23 PM Reply Like

Mitshu35 Comments (231)
 
ok, here's my thought/prediction on this issue...I'm all but certain that Allende had a standard 6-month non-compete clause in her contract. The others who have left NVAX recently did, so I would expect she did too, considering her position and technical knowledge. Some sort of agreement was made between Baxter & NVAX regarding her employment and NVAX waived the non-compete. Why? Because Baxter is about to make a significant investment in NVAX and become our newest partner. Baxter needs to address issues they have with their vaccine program and either partnering or acquiring NVAX would be a big step towards that end. We'll see a PR about Baxter & NVAX very, very soon (I'm thinking Tues/Wed of next week).

Before this latest twist, I thought Merck would be the one to step up, but now I believe Baxter will be doing so instead. Allende ran the Mexico trial program well and presented the data to the WHO, and now she's working at Baxter without so much as an official word from NVAX on her departure. She might be considered a "shared resource" between the two companies if/when they enter into a partnership.

Thoughts/comments?
26 Mar 2010, 05:49 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Wow... that is an interesting possibility... I will see what I can find.
26 Mar 2010, 05:57 PM Reply Like

H. T. Love Comments (13219)
 
You're way ahead of me on this. I've got some personal things occupying me and so must reduce my investigations and thoughts to make time for those issues. Will be starting a long drive Monday.

I like your thinking though. Thank you for taking the time and sharing with all of us.

HardToLove
26 Mar 2010, 05:58 PM Reply Like

Mitshu35 Comments (231)
 
Here's one thing you might look at - Baxter has what sounds like a similar product to the VLP technology. I don't know anything about this Vero Cell technology other than what is in the factsheet, but sounds similar. If so, not sure if this would compete or complement VLP technology in a partnership. Something to consider at least.

"In contrast to the use of embryonated chicken eggs, Baxter's Vero cell-based manufacturing uses a highly standardized, closed production process13, ensuring freedom from interaction between the vaccine and its environment, and has high purity in the absence of antibiotics.

Another major advantage of the Vero cell line is that it can be grown and infected on microcarrier beads and cultivated in fermenters, allowing large-scale production of vaccines. "

www.baxter.com/press_r...
26 Mar 2010, 06:09 PM Reply Like

Mayascribe Comments (8253)
 
M35: Very, very intriguing prediction.
26 Mar 2010, 06:32 PM Reply Like

robert.b.ferguson Comments (9446)
 
HTL: Greetings. I hope all turns out according to your best wishes. Have a safe journey, our prayers go with you. I look forward to seeing you on the boards when you return. Good luck and God speed.
27 Mar 2010, 03:25 PM Reply Like

robert.b.ferguson Comments (9446)
 
Mitshue35: Greetings. Thanks for the heads up, outstanding job researching this. Makes me think that holding (NVAX) long term will pan out better than I anticipated.
27 Mar 2010, 03:27 PM Reply Like

Mayascribe Comments (8253)
 
Hard: I saw that, too. But I'm going to rest with the few shares I have. As August and the next flu season approaches, I'll be loading up.
24 Mar 2010, 04:15 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: pre-market seems to suggest that we will *not* get an "island" pattern, a bearish signal, although it's early yet. Trading is currently (08:14 EDT) in the $2.59-$2.64 range. However, there are more asks than bids at the first 3 price levels, although the imbalance is not substantial (yet?).

Prognosis (set myself up for a good "spanking"): with the news yesterday, the CNBC mention last evening and market still trending up, I think we see some more strength today towards the upside. I'll be looking more towards intra-day strength than close, as I expect some profit taking would be a responsible move by many.

I'll be looking for "confirmation" volume - not as high as yesterday, but substantially above the prior 10 day average of 1.75MM/day (keep in mind this is skewed by yesterday's 6.77MM, without that it appears to be 1.56MM with most days well below 1MM). I'll also want to see good volumes on the intra-day moves up, with weaker volume on down moves.

HardToLove
25 Mar 2010, 08:27 AM Reply Like

robert.b.ferguson Comments (9446)
 
I agree I'm sure that I wasn't the only taker on yesterday's news. As we discussed yesterday and in accord with your observations today it would be on track between $2.50 and $2.60. Absent any other defining news IMHO it will probably trade in a range between $2.50 and $2.70 until some thing else spurs movement in one direction or another.
25 Mar 2010, 09:36 AM Reply Like

H. T. Love Comments (13219)
 
NVAX: held up pretty good, with normal low volumes until 14:30 today. Then it started going down, but nothing in the way of outlandish volume. Closer to the close volume did pick up a bit, but still nothing outlandish. Right at the close had a big buy, closing @ $2.47.

This provides some hope that it will settle out over the next few days in the $2.45 level, at the worst. I wouldn't be surprised to see it come back in the $2.50 range as soon as tomorrow if the good news caused a lot of folks to see this drop as a good entry point.

More likely, I guess, when the market gets over today's latest "earthquake" out of Europe and if it doesn't let the short-term U.S. bond action spook it excessively.

Let's keep our fingers crosses and our resolve firm.

HardToLove.

P.S. Some of the loss is probably due to the general market reaction that started in the mid-afternoon.
25 Mar 2010, 04:20 PM Reply Like

robert.b.ferguson Comments (9446)
 
Absolutely patience and discipline are requisite here.
25 Mar 2010, 04:41 PM Reply Like

FocalPoint Analytics Comments (5068)
 
This report appears to confirm my suspicions that exposure to drugs like Tamifu can induce H1N1 to mutate in such a way as to confer resistance. Unfortunately, that resistance appears to extend to other antiviral agents as well…

(March 26) Rapid Development of Drug-Resistant 2009 H1N1 Influenza Reported in Two Cases

Two people with compromised immune systems who became ill with 2009 H1N1 influenza developed drug-resistant strains of virus after less than two weeks on therapy, report doctors from the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health. Doctors who treat prolonged influenza infection should be aware that even a short course of antiviral treatment may lead to drug-resistant virus, say the authors, and clinicians should consider this possibility as they develop initial treatment strategies for their patients who have impaired immune function.

Both patients in the new report developed resistance to the key influenza drug oseltamivir (Tamiflu), and one also demonstrated clinical resistance to another antiviral agent, now in experimental testing, intravenous peramivir. This is the first reported case of clinically significant peramivir-resistant 2009 H1N1 illness. The report is scheduled to appear in print on May 1 in Clinical Infectious Diseases and is now online.

www3.niaid.nih.gov/new...
27 Mar 2010, 11:52 AM Reply Like

Anzar Comments (10)
 
NOVARTIS is the new ROVI partner, interesting....

phx.corporate-ir.net/E...

Novartis Vaccines produces vaccines for seasonal and pandemic flu using two of the most
advanced technologies that are currently available for the production of vaccines for influenza:

1) traditional technology based on incubation in eggs and 2) technology based on cell culture.
Both technologies are allowed to be used with the patented adjuvant technology.

Thetechnology to be transferred to ROVI would be selected after a deep analysis of reliability and
costs in order to achieve the main aims of minimizing the risk of the project and complying with
the established schedule.
29 Mar 2010, 06:44 AM Reply Like

FocalPoint Analytics Comments (5068)
 
That is great news Anzar! Go NVAX!!
29 Mar 2010, 10:33 AM Reply Like

H. T. Love Comments (13219)
 
NVAX: Pre-market up to $2.43 (+2.97% 08:11 EDT)

... released the final results from a Phase II clinical trial evaluating Novavax's trivalent seasonal influenza Virus-like particle (VLP) vaccine candidate in healthy adults. The study enrolled healthy volunteers 18 to 49 years in age who were immunized with a single injection of Novavax's trivalent seasonal influenza VLP vaccine matched to the influenza strains recommended for the 2008-2009 influenza vaccine. Preliminary data from this trial were reported in 2009.

The complete analysis included 232 volunteers in total; with 49 receiving placebo, 83 given Novavax's trivalent seasonal influenza VLP vaccine at 15 mcg/dose, 81 injected with Novavax's trivalent seasonal influenza VLP vaccine at 60 mcg/dose and 19 volunteers receiving an inactivated trivalent influenza vaccine Fluzone(R) (TIV) at 15 mcg/dose. The three strains were H1N1
A/Brisbane/59/2007, H3N2 A/Brisbane/10/2007, and B/Florida /04/2006. The data show that Novavax's trivalent seasonal influenza VLP vaccine induced a robust hemagglutination inhibition (HAI) antibody response against all three strains in the vaccine. Seroconversion rates as defined by the FDA (including lower and
upper 95% Confidence Intervals (CI)) for the 15 mcg group were as follows: 51% (39, 62), 76% (65, 85), and 58% (47, 69) against the H1N1, H3N2, and B strains, respectively. Seroprotection (titer greater than or equal to 1:40) rates for volunteers in the 15 mcg group (with 95% CIs) were 70% (59, 80), 89% (80, 94), and 84% (75, 91) against the H1N1, H3N2, and B strains, respectively.

Preliminary HAI results from this study were presented at the 47th Annual Meeting of the Infectious Diseases Society of America (IDSA) on October 31, 2009 and were described in a company press release dated November 2, 2009. Those interim results were based on evaluation of a total of 190 volunteers, of which 37
received placebo, 69 received trivalent seasonal influenza VLP vaccine at 15 mcg/dose, 67 received trivalent seasonal influenza VLP vaccine at 60 mcg/dose and 17 received TIV. For volunteers in the 15 mcg group, seroconversion rates (greater than or equal to 4-fold rise in titer from baseline) with the accompanying 95% CI were 57% (44, 68), 86% (75, 93), and 62% (50, 74) against the H1N1, H3N2, and B strains, respectively. For volunteers in the 15 mcg group, seroprotection rates (titer greater than or equal to 1:40) with 95% CI were 67% (54, 78), 91% (82, 97), and 84% (73, 92) against the H1N1, H3N2, and B strains, respectively. In the final results reported today, the H3N2 and B strain data in the 15 mcg VLP dose met the FDA seroconversion guidelines of 40 (lower 95% CI) while the H1N1 data fell just short (39.4 versus 40.0). However, the mean seroprotection rate against the H1N1 strain rose slightly from an original 67% to a final 70%.

In addition to the HAI titers, functional antibody against the Neuraminidase enzyme was measured in the sera of immunized subjects using a neuraminidase inhibition assay (NAI). Inhibition of neuraminidase activity may be important in reducing the spread and severity of influenza infection. Novavax tested volunteers for NAI against B/Florida, H3N2/Brisbane and H1N1/Brisbane components of the vaccine before and after immunization. Against the B strain, 59% of the patients receiving the 15 mcg dose of VLP showed a 4-fold or higher rise in NAI titers over pre-immune levels. At the 60 mcg VLP dose, 73% had a 4-fold rise while only one subject (5%) from the TIV population had a 4-fold rise. In the NAI
assay against the H3N2 strain, 50% of the patients immunized with the 15 mcg VLP dose had a 4-fold rise in NAI titers. At the 60 mcg VLP dose, 56% had a 4-fold rise. In the small subset of subjects tested against H1N1 NAI activity (10 placebo and 20 at the 60 mcg VLP dose), the NAI in the VLP treated group increased about 30% over preimmunization levels while the placebo treated group had no increase over pre-immunization levels.

"The data released today show that our VLP influenza vaccine not only induces a robust HAI response but also enhances the NAI response far above that induced by TIV," said Dr. Rahul Singhvi, President and Chief Executive Officer of Novavax. "We will continue measurement of NAI activity in other clinical trials since we
believe that the ability of the VLP vaccine to elicit an NAI response may differentiate our vaccine from others. These NAI results support our position that VLP influenza vaccines have the potential to induce a broad-based immune response that could lead to improved clinical outcomes. We now await comparative immunological and safety data from a larger head to head clinical trial in older adults (>60 years of age) between TIV and our VLP vaccine," said Dr. Singhvi.

About VLPs
Virus-like particles (VLPs) mimic the external structure of viruses but lack the live genetic material that causes viral replication and infection. VLPs can be designed quickly to match individual viral strains and be produced efficiently using portable cell-culture technology. Novavax VLP-based vaccine candidates are produced more rapidly than egg-based vaccines by using proprietary, portable, recombinant cell-culture technology.

HardToLove
29 Mar 2010, 08:17 AM Reply Like

H. T. Love Comments (13219)
 
NVAX $2.48 (+5,08%) pre-market 08:53 EDT

HardToLove
29 Mar 2010, 08:53 AM Reply Like

FocalPoint Analytics Comments (5068)
 
We could be near an inflection point where NVAX finally breaks out from the grip of the shorts. I made my riffle shot play this morning with 5k shares.... The spanish connection in conjunction with the mixed bag vaccine is a big deal.
29 Mar 2010, 10:40 AM Reply Like

Anzar Comments (10)
 
This week will be great!

April options are very bullish. XD
29 Mar 2010, 08:36 AM Reply Like

Mayascribe Comments (8253)
 
User: Good luck! The 21 day MA is crossing the 50 day MA.

I added 500 shares this morning.
29 Mar 2010, 11:28 AM Reply Like

H. T. Love Comments (13219)
 
I don't know if we can count on this being *the* breakout. Stochastic is crossing negative and we don't have supporting volume yet. Today's volume is looking like it'll end normally (~1MM shares or so) and I don't see >=1-minute volume spikes being sustained like we might if shorts were jumping on or new buyers full of enthusiasm were jumping in.

I'm hoping that, at worst, this will be the consolidation I was thinking might come @ $2.45 or so. If we get that, then we have a base from which to spring higher when the next news comes. Trading just above the 20/50 SMA may give the needed support, especially as the 50 is about to roll slightly up, if we can hold this price.

If just dinks around and works back into the $2.3x range again, I think the shorts won't feel the need and the newer folks waiting for the signal that the run up has at last started will just keep waiting.

We're still below 100/200 SMA and breaking the 100 will be a signal to many when it occurs.

We are pretty much in the neutral with all the usual technicals - MACD, RSI, MFI. A/D still has a nasty negative value, -108.6.

HardToLove
29 Mar 2010, 12:01 PM Reply Like

Mayascribe Comments (8253)
 
User: Congrats on a well-timed move! H1N1 on the rebound in the deep south.

CDC giving warnings for student Spring Breaks, or to the students coming home and further spreading swine flu.
29 Mar 2010, 02:19 PM Reply Like

Mayascribe Comments (8253)
 
Also, swine flu increasing in the southern hemipshere:

www1.voanews.com/engli...
29 Mar 2010, 02:23 PM Reply Like

FocalPoint Analytics Comments (5068)
 
My concern with NVAX is, the shorts. Percent shorts as of Friday were 13%. Today, its at 20%. My guess is the new shorts entered on Wed through Friday of last week at 2.6, 2.55, and 2.45. I got that by looking at the chart. Those late shorts are very close to being underwater now. Anzar says the options are bullish.

I assume those bullish future options are institutional investors who are closing out their March portfolios, and now have cash for opening positions in April …. So I am anticipating an up tick in the first few days of April.

At that point, the shorts either need to increase their shorts (raise) to drive the price back down, or they have to fold. 2.4 appears to be a strong support level. That was why I chose to enter at that point.

I now see that NVAX is at 2.57!
29 Mar 2010, 03:01 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Interesting, I see that NVAX shorts are back at 13%. So either there was an error, or the short positions that opened last week from 2.6 - 2.45 have closed their shorts - a mini short squeeze...
29 Mar 2010, 03:32 PM Reply Like

FocalPoint Analytics Comments (5068)
 

(March 26) CDC sees sustained H1N1 activity in Southeast
Lisa Schnirring * Staff Writer

Flu indicators are showing signs of increased and sustained pandemic flu activity in some Southeastern states, though rates remain steady at the national level, the US Centers for Disease Control and Prevention (CDC) said today.

Today's CDC report tracks closely with media reports this week of a rise in flu hospitalizations in Georgia and rising flu-like illnesses in Louisiana and surrounding states. The report of increased activity in the Southeast is also consistent with regional flu activity at college campuses in the Southeast reported by the American College Health Association.

Three of the CDC's 10 regions reported increases in doctors visits for flu-like illnesses, including the one encompassing Southeastern states; the region that includes Iowa, Kansas, Missouri, and Nebraska; and the area that covers Arizona, California, Hawaii, and Nevada. The increases were over regional, not national, baselines. On a national level, the doctor's visit flu barometer stayed below the national baseline.

The CDC is still recommending the pandemic flu vaccine for anyone who is age 6 months or older, and officials strongly urge that people with underlying health conditions, the very young, and people age 65 or older get vaccinated. Vaccine supplies are plentiful and the circulating virus still closely matches the one in the pandemic vaccine.

tinyurl.com/yl9yn2e
29 Mar 2010, 05:16 PM Reply Like

robert.b.ferguson Comments (9446)
 
User: Greetings. HTL and I were discussing this last week. His take was that after everything shakes out that support could be reestablished around $2.40 and mine was between $2.50 and $2.70 barring any new drivers.
29 Mar 2010, 06:10 PM Reply Like

Mayascribe Comments (8253)
 
User: Probably some sort of error. Markseventy shot me an email last Friday about NVAX short, which was 13.71%.
29 Mar 2010, 05:24 PM Reply Like

Mayascribe Comments (8253)
 
NVAX: 532K shares traded so far today. Right now 129,300 shares block up for bid @ $2.31.

Sumthin' up?
1 Apr 2010, 02:17 PM Reply Like

FocalPoint Analytics Comments (5068)
 
I don't see any news Maya...
1 Apr 2010, 03:16 PM Reply Like

tripleblack Comments (11478)
 
I'll probably sell CVM come Monday.

Holding (VICL).

I believe (NVAX) still has some time to do the SEC reporting on the "wandering executive" situation. I really can't see the downside, but I'm not sure it represents an upside, either. My gut tells me that there are shadowy forces lurking...

But I am seriously considering getting back into NVAX Monday.
2 Apr 2010, 08:57 AM Reply Like

Mayascribe Comments (8253)
 
Millions of H1N1 doses may have to be discarded (or given away):

www.washingtonpost.com...
3 Apr 2010, 09:20 PM Reply Like

Silentz Comments (706)
 
Ironically, that may be good for the vaccine companies. Those expired stocks may have to be replenished with a new batch.
4 Apr 2010, 01:40 AM Reply Like

tripleblack Comments (11478)
 
Overage pharma gets pitched everyday. The media frezy with the various strains of flu means that this is even more likely.
4 Apr 2010, 08:32 AM Reply Like

Mayascribe Comments (8253)
 
Z: Funny you said that. A few minutes after I made the Washington Post, post, I got all devious and thought: Big Pharma must be loving this, and will do everything in their power, once those H1N1 doses are given away or become out of date, to seek out every bit of news they can to promote how H1N1 is going to make a huge comeback. So the US gov will have to once again throw some money at preventing the biggest MSM, BigPharma manipulated fakeout disease ever.

Considering how our government is both gullible and even far more corrupt, I give this a one in three chance of occurring.
4 Apr 2010, 10:42 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Shelf life should be one of the major competitive levers for Little Parma companies like NVAX or VICL to steal market share from Big Pharma companies.

Here is one way it could work. NVAX can manufacture their vaccines much cheeper and faster than manufacturers using the egg method. So they enter a market with a lower cost vaccine. Included in the sales contract is a guarentiee for a 25% (or whatever works) discount for replacement product within some negotiated time period. This locks the customer in and NVAX takes the business away from the Big Pharma companies that can't meet the price because they are still using older and more expensive manufacturing methods.

Of course, you also have to consider that the viruses are mutating. Last years flu vaccine may not work for the next years virus. You build that fact into your sales contract. If the customers buys NVAX's product, NVAX provides a 25% discount to replace obsolete product with an up-dated product. A replacement program designed to increase customer loyalty.

Such are the advantages of owning proprietary and innovative technology that lowers production costs while maintaining or improving quality. If you know what you are doing, you can put your competitors into a bad position. This is very likely one of the key reasons Big Pharma is dependent on mergers and acquisitions.
5 Apr 2010, 10:59 AM Reply Like

Anzar Comments (10)
 
Maybe NOVARTIS, may be one of the companies interested in acquiring Novavax, I remember the takeover speculation in last september.

And now with the signing of the agreement with ROVI, everything fits.

XD
5 Apr 2010, 12:16 PM Reply Like

FocalPoint Analytics Comments (5068)
 
I like your thinking their Anzar.
5 Apr 2010, 12:43 PM Reply Like

Mayascribe Comments (8253)
 
(SVA) will report on 4/6. Stock is well beneath all the moving averages, and stochastics scream buy. Money flow out looks like it's peaking. The current price $5.87, is only 12 cents per above the price of the January $53.8M offering.

Probably risky going in ahead of the conference call, but, I did just buy 500 shares just to keep SAV higher up on my radar.
5 Apr 2010, 01:49 PM Reply Like

tripleblack Comments (11478)
 
Selling (CVM), its become boring. Selling at tiny profit.

Holding (VICL).

Thinking over (NVAX)...
6 Apr 2010, 08:36 AM Reply Like

FocalPoint Analytics Comments (5068)
 
I was notified there is a class action lawsuit against CVM.
6 Apr 2010, 09:35 AM Reply Like

optionsgirl Comments (4555)
 
CDC statements re: 3rd wave
www.sfgate.com/cgi-bin...
6 Apr 2010, 10:30 AM Reply Like

robert.b.ferguson Comments (9446)
 
Oy, Gee: Greetings. Like most government agencies and much of the MSM the CDC has credibility issues these days. I have several associates living in Alabama and Mississippi and they aren't seeing any thing out of the ordinary. What ever happened to putting the public's interests first? Of course that didn't stop me from openeing a position in (NVAX) on news of the Mexico trials. I will probably add to that position in the June or JUly time frame. Thanks for sharing.
6 Apr 2010, 12:07 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Just off the press Robert... The difference in perceptions is very interesting...

(April 6) Flu Expert: Southeast Should Be On Guard Because Of Continued H1N1 Flu Spread This Spring

The continued spread of H1N1 influenza virus this spring is cause to pay heed to upper-respiratory maladies such as congestion, runny nose and cough, says David Kimberlin, M.D., a preeminent influenza specialist who co-directs the University of Alabama at Birmingham (UAB) Division of Pediatric Infectious Diseases.

Health officials are carefully monitoring a steady stream in the Southeast of cases of pandemic H1N1 flu, especially in Alabama, Georgia and South Carolina - the three states reporting regional flu activity.

Kimberlin encourages those who have not yet gotten their H1N1 flu shot to do so. The vaccine is widely available throughout the United States at doctors' offices, health departments and pharmacies.

The flu concern in the Southeast is the 2009 H1N1 pandemic strain; primarily it is causing serious illness in adults with underlying health conditions and in young children. Educating the public and emphasizing the need for repeated hand-sanitizer use and disinfectant spray helps control its spread, Kimberlin says.
www.medicalnewstoday.c...
6 Apr 2010, 12:25 PM Reply Like

robert.b.ferguson Comments (9446)
 
User: Greetings. I was amazed last July when the CDC quit collecting data on H1N1. I wonder when they resumed monitoring H1N1? I was also taken aback by the lack of coverage the CDC decision to discontinue collecting data received in the Lame Stream Media. I'm not sure what prompted the CDC to make a decision which would seem contrary to their mission. However I have little doubt as to the reason for the lack of coverage.
6 Apr 2010, 01:03 PM Reply Like

FocalPoint Analytics Comments (5068)
 
I agree Robert, it was CYA all the way. If you can't measure something, than you can never understand it. Measurement is the basis of science.
6 Apr 2010, 03:21 PM Reply Like

H. T. Love Comments (13219)
 
" Measurement is the basis of science".

Used to be that way. Now " Mis-measurement is the basis of science", if you're chasing grants or espousing an agenda (e.g. global warming).

I now have to cast a jaundiced eye on "science" just like I do politicians. If warming was the first case, I could be more forgiving. But add in Thalidomide, Alar, ... and it's hard not to become cynical.

HardToLove
6 Apr 2010, 04:00 PM Reply Like

FocalPoint Analytics Comments (5068)
 
I guess that saying does need to be updated to deal with the morality of today… It should say: Honest measurement is the basis of science.
6 Apr 2010, 04:53 PM Reply Like

FocalPoint Analytics Comments (5068)
 
(April 6) Sinovac Biotech Ltd. (SVA)
Downgraded from Buy to Hold by Brean Murray.
6 Apr 2010, 06:46 PM Reply Like

tripleblack Comments (11478)
 
SVA scares me. My gut says (Chinese drywall scandal)...

Meant to list (KERX) as one of my newer investments, doing great since I picked it up last month.
7 Apr 2010, 08:52 AM Reply Like

Mitshu35 Comments (231)
 
NVAX has filled a board seat...one more to go to be in compliance.
---
ROCKVILLE, Md., April 7 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq:NVAX - News) announced today that it has appointed James F. Young, Ph.D., to its Board of Directors. Dr. Young will be an independent Board Member effective immediately.

Dr. Young has over 30 years of experience in the fields of molecular genetics, microbiology, immunology and pharmaceutical development. He was previously President of Research and Development, including responsibility for regulatory affairs, at MedImmune where he was instrumental in the development of FluMist® and Synagis®. In 2005, Dr. Young was awarded the Albert B. Sabin Humanitarian Award. Prior to MedImmune, Dr. Young was influential in building the department of molecular genetics at Smith Kline & French Laboratories (now part of GlaxoSmithKline) and culminated as director, department of molecular genetics.
7 Apr 2010, 10:25 AM Reply Like

robert.b.ferguson Comments (9446)
 
Mitshu35: Greetings. That is excellent news. Things seem to be progressing well. Thank you.
7 Apr 2010, 11:15 AM Reply Like

H. T. Love Comments (13219)
 
Posted in the QC too.

ProShares Launches First Leveraged and Inverse Biotechnology ETFs

www.marketwatch.com/st...

I haven't read the prospectus yet - don't know if co's of interest are included.

HardToLove
8 Apr 2010, 12:22 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: range today $2.30-$2.45. Nothing unusual - opening volume sowed normal patterns. But it's been on a slow steady up since the end of the opening activities. Volume (1 minute) showing typical behavior. Daily charts had only a doji (a neutral pattern) yesterday that might have indicated a move out of the consolidating patterns we had seen.

Let's hope this is a move back to at least the ~$2.45 range that I had hoped would provide the springboard for a break up.

I'm going to get short information updated (delayed due to being on the road) and will post the summary of change back here in a while.

HardToLove
8 Apr 2010, 12:42 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Excellent HT... I am looking forward to hearing what the shorts are up to.
8 Apr 2010, 02:56 PM Reply Like

Mitshu35 Comments (231)
 
I think we're starting to see some slow short-covering here. We hit a million shares early on this morning and have had decent volume with news most of the day. Shorts almost always find the right time to get out without forcing the share price higher...hope that's not the case here, but I fear it is.

I believe we're about to see the last board seat get filled (hopefully/probably with a major partnership announcement), and I suspect that's part of today's move as well.

It's just absurd how low NVAX share price is at this point.
8 Apr 2010, 03:04 PM Reply Like

H. T. Love Comments (13219)
 
Through 3/1 (next report available ~4/15) we have

- Short Qty- -Chg- Avg. Vol- -Days to cover
11,699,329 (4.60) 1,269,441 9.22

Average daily volume ~+20%, account for the drop from 11.56 days to cover.

Last three reporting periods all show reductions in short count. And prior periods were showing reductions 2 out of three times after 10/15 report (to that point, most periods showed increases).

HardTolove
8 Apr 2010, 03:31 PM Reply Like

robert.b.ferguson Comments (9446)
 
HTL: Greetings. The stock has been drifting up in choppy fashion and as usual I believe your calculated support level is closer to the mark than mine. I hope you are correct that it will reach a break out inflection point in the $2.45 area. I'm looking to add to my position soon and expect a bigger break upward before the 4Q.
8 Apr 2010, 01:03 PM Reply Like

H. T. Love Comments (13219)
 
I did notice a (full) stochastic cross up yesterday and forgot to mention it. I believe the important next level is $2.50-$2.52. That's why I'm expecting a pause, at least, around that $2.45. With the shorts (I've not updated my info yet), very low volume and everybody probably awaiting a catalyst, I expect trouble getting through that $2.50. So a consolidation just below would make sense.

I'll tell ya' though, patience is a difficult art in today's environment, as well as being essentially against my nature. But I'm holding and will play around my core for short-term gains as opportunities permit.

hardToLove
8 Apr 2010, 01:13 PM Reply Like

robert.b.ferguson Comments (9446)
 
You may recall I had pegged $2.50-$2.70 as the next trading range on the up leg. However your range between $2.40- $2.60 seems more realistic at this juncture IMHO.
8 Apr 2010, 01:50 PM Reply Like

Mayascribe Comments (8253)
 
More evidence of swine flu dossage dumping:

hondurasweekly.com/nat...

Also, SVA is creeping back up.
8 Apr 2010, 01:41 PM Reply Like

FocalPoint Analytics Comments (5068)
 
Please go the Current Swine Flu News Concentrator:
tinyurl.com/yegxpyu
8 Apr 2010, 05:47 PM Reply Like

H. T. Love Comments (13219)
 
NVAX: Considering a short-term trade around my core position for the following reasons. Thoughts and other considerations welcomed, of course.

1) Last week of trading days stayed above $2.25 and didn't re-visit the lower or sub $2 range.
2) Prior attempt to penetrate and then close above $2.40 failed, but today succeeded.
3) This last week has been consolidating around that $2.30 area with no extreme excursions to the downside and had two excursions to the upside, the last one (today) stuck it, closing at $2.44.
4) This was decent volume, 2.29MM, much larger than the typical <=~1MM we've been seeing *most* days recently.
5) Short *count* has established a fairly consistent down trend since last mid-October (see my comment above for a *brief* recap). A little more detail is seen in these % changes beginning with the Oct 30 report (covers 10/1-10/15): 5.04, -3.12, -6.87, 7.83, -5.06, -2.61, 5.32, -5.02, -1.9, -4.6.
6) As Mitshu noted, shorts are good at a stealth exit. So if they are not having much vertical effect on the price, and today had a good upward range ($2.45 high hit early in the a.m. and then the $2.42-$2.44 price range held all day long) and closed at $2.44, I think we have either fresh buyers entering or shorts (whom I presume know *at least* as much as we do) deciding they *better* start their exit now, or both situations.
7) # 6 says there is likely more near-term upside.
8) Technicals are starting to turn the way I like (but recall that I don't mind being early and riding the board on the turbulence a bit): RSI (54), MFI (69.87), Momentum (1.08) all flipped from neutral or had already flipped and continuing a positive divergence while (before today) prices were in net effect flat-lining; MACD has achieved neutrality after a long sojourn in the depths of Hello and even has a slight positive divergence (signal 0.0009, line 0.0054); stochastic made a positive cross yesterday - confirmed by today's action - after leaving oversold a couple days prior; accum/distr strongly negative (-30.62) but starting up on today's action; yesterday had a doji, indicating a change coming, combined with a narrowing of the bollinger bands, also indicating a change and today the price action and new bollinger range confirmed ($2.4474, $2.2886 - upper, lower).
9) The breakaway gap open 3/24 (low/high for the day $2.55 & $2.72, prior day high $2.35) indicates room to run to $2.55 and is the most recent resistance/support area; prior resistance (3/11) $2.58, $2.63 (2/19). I expect some at $2.50-$2.52 because of several prior touches at those points and I think it indicates a "psychological" level.
10) Trading above 20/50 SMAs ($2.3625 flat the last week, $2.3194 and starting to roll up now ... almost).
11) The shorts know as well as we what it means when later stage trials are started; they should not be heavily hammering anymore and should be in a concerted covering mode, barring any "black swan" events.
12) Options expiration week is next week; two previous one had a run up, the last had a run down.

My thinking is a one-month cycle trade, at most. This is because the price action history indicates a tendency to rise only a day or two and then do a little two-three step down. But over the month there seems to be at least one or two good upside moves. Expiration week used to be a good time to see prices rise, but that has become inconsistent.

My concern is that we don't conteract each other and don't alurk any lerters (spoonerism?:-).

I'm thinking a back-channel strategy session might be a handy thingy.

Thoughts?

HardToLove
8 Apr 2010, 07:08 PM Reply Like

Mitshu35 Comments (231)
 
Looks to me like short-covering is continuing today on NVAX. Some big blocks going through today. Hope to see some news next week. Luck to all NVAX longs!
9 Apr 2010, 11:52 AM Reply Like

FocalPoint Analytics Comments (5068)
 
HT, I copied your excellent comment into the Current Swine Flu Concentrator.... see above for link.
9 Apr 2010, 10:20 AM Reply Like

Mayascribe Comments (8253)
 
HTL: Fantastic analysis! I have a position established Aptil 1 @ $2.32, and feel pretty compfortable keeping those shares long.

Thanks, buddy!
9 Apr 2010, 11:47 AM Reply Like

Silentz Comments (706)
 
Ditto. Impressive stuff HTL. I'm in at $2.37 and will hold for a while I think. Not just on the technicals, but based on the H1N1 news and their positive testing results. When the next round of good news comes out, I think NVAX is going to break out of the latest range.
9 Apr 2010, 11:53 AM Reply Like

tripleblack Comments (11478)
 
Added NVAX back to my watch list.

(KERX) is looking up this morning, news could be pushing.

(VICL) is about due for some buzz this week...
12 Apr 2010, 09:03 AM Reply Like

FocalPoint Analytics Comments (5068)
 
Hi Guys… this Swine Flu News Concentrator closed on April 8. Please go the Current Swine Flu News Concentrator:
tinyurl.com/yegxpyu
12 Apr 2010, 09:16 AM Reply Like