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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • This Year's Monster Stock: Ziopharm

    In a comment by Solaron (Aron), he posed a question the answer to which I felt deserved its own blog post…so here it is...

    On ZIOP, my "interim" price target is $15 and this should be met within 2 months or less…

    @ $15, ZIOP will carry a market cap of $1.5 billion...and based on anecdotal information, the buzz is that because of ZIOP+XON's recent ground breaking partnership with MD Anderson, and with their announced intention of filing 5 INDs this year alone, ZIOP should be valued at par with other companies in the CAR-T space...JUNO and KITE are 2 pure-play CAR-T players and today they sport market caps much higher than ZIOP...

    As of Friday's closing prices, JUNO with approximately 78 million shares carries a market cap of a little over $3 Billion and KITE with around 41.8 million shares has a market cap of around $2.63 billion…ZIOP on the other hand, after the recent secondary offering has approximately 114 million shares outstanding and has a market cap of just over $1 billion...

    Therefore, once ZIOP starts filing its planned INDs and signs partnerships with other big pharmas for a number of cancer indications, I fully expect its market valuation to catch up, if not surpass both JUNO and KITE's market caps. In order for it to do that, ZIOP's share price will be around $30 and I fully expect it to do that by the end of the year.

    As I mentioned in my previous blog post, upon printing $10 recently, ZIOP technically has broken out…last week's pullback should be considered a gift and taken advantage of…And there is yet another technical BUY signal about to be generated…Readers of my blog know the importance I place on my very own Diamond Cross™,,,this is when the stock's 50 week moving average line crosses its 200 week moving average line…well, as you can see from this candlestick chart, this too is setting up quite nicely and should occur within the next week or so…There is zero doubt that all systems are go with ZIOP and in the next few weeks and months, the stock should make a pretty impressive move north…

    (click to enlarge)

    Additional Opportunities: Apart from ZIOP, there are 3 additional opportunities on my radar…And they are EXAS, HALO and RMTI…

    EXAS: Exact Sciences' PnF chart is looking pretty amazing…As can be seen from this chart, the stock has formed a quadruple top @ $29 and the price is currently in Os…another up move towards $29 and the stock will have formed a penta top and a print of $30 will be a pretty explosive break which should take the stock price to $35 and beyond…

    (click to enlarge)

    HALO: Last week, Halozyme, the other Randal Kirk stock, broke out of a spread quadruple top and a triple top flag formation…my preliminary target on HALO is at least $18 and then a print of $19 will take it into blue sky territory and it should notch multiple all time highs…

    (click to enlarge)

    RMTI: Rockwell Medical's chart is also a thing of beauty…As can be seen on it's PnF chart, a print of $12 will take the price back into Xs and at $12.50 it will be a break of a triple top that should carry the stock to my preliminary price target of at least $15.50…

    (click to enlarge)

    All in all, 2015 is shaping up to be very exciting indeed in my biotech universe…

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Feb 23 9:29 AM | Link | 3 Comments
  • ZIopharm (ZIOP): Houston, We Have Ignition!

    In my yesterday's post, I had pointed out that Ziopharm (NASDAQ:ZIOP) was itching to breakout as all systems were go...The trigger would be the print of $10 on its chart...

    Well, as you can see from its PnF chart, that trigger was achieved yesterday when @ 12;08 PST or 3:08 EST, ZIOP printed $10 and it brokeout from its flag formation on its PnF chart shown here...

    Next stop: $15

    This ride in ZIOP is just getting started...and as I like to say, the ride is going to be a doozy!

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Tags: ZIOP, Biotech
    Feb 13 9:29 AM | Link | 7 Comments
  • ZIOP Poised To Breakout!

    Further to my post January 26th post, the technicals on Ziopharm Oncology (NASDAQ:ZIOP) are looking absolutely terrific...As can be seen from its Candlesticks, the stock continues to consolidate really well after it's impressive breakout last month around the $9 price...The Bollinger Bands are tightening rapidly and it is only a matter of days before the stock breaks out from its current consolidation phase...

    (click to enlarge)

    On its PnF chart, the stock has formed a flag pattern and a print of $10 will confirm the upcoming breakout. Yesterday, the stock tried to do just that but got pushed back after printing $9.99 on very impressive volume of more than double its last 3 months' daily average.

    The price pullback after the company's recent announcement of a secondary is now behind us, with the new shares having been snapped up by the market in a hurry, and, at a very impressive price for the company...even the 1.5 million share over-allotment offered to the investment banks tasked with putting the secondary together, were quickly gobbled up...Ziopharm is now well financed and is in a strong position to start the implementation of it's recently announced partnership with MD Anderson with full gusto...

    In other words, all systems are go...what's not to like...Not to mention that the company's partnership with MD Anderson and Intrexon will hopefully provide needed cure for many types of cancer, providing relief to millions of suffering patience...talk about a win-win situation for everyone...

    :)

    A print of $10 will provide the requisite spark that will propel this rocket ship towards its next interim price target of $15...it's only a matter of time...and I don't expect the wait to be very long... :)

    Of course, all in my humble opinion...

    Houston, do we have ignition?

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Disclosure: The author is long ZIOP.

    Tags: ZIOP, XON, Biotech
    Feb 12 9:24 AM | Link | Comment!
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