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Peregrine Pharmaceuticals (PPHM +41.7%) soars after it says interim results Phase II trials show...

Peregrine Pharmaceuticals (PPHM +41.7%) soars after it says interim results Phase II trials show the combined use of its bavituximab drug candidate with chemotherapy drug docetaxel had a statistically significant improvement in the overall survival rate for lung cancer patients.
Comments (8)
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    To be precise: Medium Overall Survival data improved from ca. 6 to ca. 12 month. In this aggressive cancer and with this patient population that is great news.

     

    Interesting to note that negative connotations were prevailing here at SA in form of articles while largely positive emotions were prevailing in the discussion of those articles. Coincidence? The articles were short-seller attacks. I am happy those short sellers now have a problem.
    7 Sep 2012, 02:50 PM Reply Like
  • PIPro
    , contributor
    Comments (3) | Send Message
     
    Looking at it's preliminary reports and variety of products, this stock was a "no brainer" from early in the game. You haven't remotely seen the end of it's flight.
    7 Sep 2012, 06:10 PM Reply Like
  • grodo
    , contributor
    Comments (4) | Send Message
     
    when do I take profits on pphm?
    7 Sep 2012, 06:18 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    At what price did you buy and what is your investment time frame? How much of your holdings is in it? Do you have the patiance and nerves to hold long term?
    7 Sep 2012, 06:22 PM Reply Like
  • grodo
    , contributor
    Comments (4) | Send Message
     
    I'm fairly new at investing, lucked in with pphm:) At what point should I lock in profits ?
    7 Sep 2012, 06:35 PM Reply Like
  • Prohost Biotech
    , contributor
    Comments (147) | Send Message
     
    The answer to your question depends first and foremost on your opinion regarding the most recently announced results. If you take them at face value, then you could be a big gainer retaining your stocks and, probably accumulating it at the current price. If you don't, you should follow your instinct and sell. If you believe that results from an upcoming Phase 3 trial are indispensable for a fair judgment, then take some profit and stay invested using the profit you made. At Prohost, we are still debating this subject.

     

    Your decision in this case will finally depend on what TruffelPig suggested above, i.e.., your next move would depend on "the price you bought the stock at. Your investment time frame. How much of your holdings is in it and whether you have the patience and nerves to hold long term?

     

    Good luck.
    9 Sep 2012, 09:48 AM Reply Like
  • grodo
    , contributor
    Comments (4) | Send Message
     
    Bought pphm at $1.11 and because of the recent surge it is now 50% of my holdings (1 of 7). I have the patience and nerves for investing. Pardon my ignorance but not sure what you mean by investment time frame. Thanks for your input
    10 Sep 2012, 02:05 AM Reply Like
  • grodo
    , contributor
    Comments (4) | Send Message
     
    Thank you kind sir(s). . Thinking I may sell some or half and keep the rest to catch the next possible wave.
    10 Sep 2012, 02:05 AM Reply Like
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