***Official*** 2009 Stock Market Thread

[IEC]

Woo, daytrading NLST past few days has been a profitable blast! Feel sorry for the P&D suckers with BIEL though...

 

[SandEagle]

guys, get in on PARD NOW! you will thank me later

 

[eLiu]

guys, get in on PARD NOW! you will thank me later

Is there some kind of upcoming good news? Sounds like if any kind of approval is coming for their cancer drug, it'll be a long & slow process since they can't win on "it's more effective than the competition" but they may have a shot at "it has less side effects than others."

 

[JTsyo]

Is there some kind of upcoming good news? Sounds like if any kind of approval is coming for their cancer drug, it'll be a long & slow process since they can't win on "it's more effective than the competition" but they may have a shot at "it has less side effects than others."

Why did it drop on Monday? That would have been painful.

 

[SunnyD]

Why did it drop on Monday? That would have been painful.

This is why:

Poniard Pharmaceuticals, Inc. Announces Pivotal Phase 3 SPEAR Trial Of Picoplatin In Small Cell Lung Cancer Did Not Meet Primary Endpoint
Monday, 16 Nov 2009 07:01am EST

Poniard Pharmaceuticals, Inc. announced that its pivotal Phase 3 SPEAR (Study of Picoplatin Efficacy After Relapse) trial of picoplatin in the second-line treatment of small cell lung cancer (SCLC) did not meet its primary endpoint of overall survival. The analysis, based on 320 evaluable events (patient deaths), showed a hazard ratio of 0.82 with a p value of 0.089. The international, multi-center, randomized, controlled Phase 3 SPEAR trial was conducted under a Special Protocol Assessment (SPA) with the U.S. Food and Drug Administration (FDA). The trial evaluated the efficacy and safety of picoplatin as second-line therapy in 401 cancer patients with SCLC who were refractory to or who progressed within six months of first-line platinum-based therapy. Picoplatin administered as an intravenous infusion once every three weeks plus best supportive care (BSC) was compared to BSC alone. BSC was designed in accordance with the National Comprehensive Cancer Network's guidelines. The primary endpoint of the trial was overall survival. Other endpoints included overall response rate, progression-free survival, disease control rate and duration of response. The Statistical Analytical Plan of the trial, as agreed to in the SPA, was 90 percent powered to show a 33 percent reduction in risk in death for picoplatin treatment plus best supportive care (BSC) compared with BSC alone (hazard ratio of 0.67; p value of 0.05).

 

[IEC]

guys, get in on PARD NOW! you will thank me later

You sure like to speculate, lol. I'm sitting on the sidelines for the next few. ETFC is one of my few long positions.

 

[Ricochet]

guys, get in on PARD NOW! you will thank me later

That's one that I wanted to buy right after the big drop but Scottrade wouldn't let me and I was too lazy to call them up about it.

 

[eLiu]

Yeah PARD's big drug failed its Phase 3 primary goals. Like I said, they failed to indicate 'beyond a reasonable doubt' that their drug is better than current best treatment in terms of overall survival rate. They whined a bit there claimiing that the placebo patients were often treated "better" than their test patients but that sounds like bs. What could be more promising is the fact that PARD's drug did seem to have fewer & less impactful side effects than the competition. PARD's drug may then be better in the long run b/c patients can stay on chemo longer? dunno. Fewer side effects alone may warrant FDA approval but it's not as clear of a shot.

When I saw PARD drop yesterday I too wondered if it'd be a good time to get in... but for now I think it's too risky since they're also running very low on $.

 

[Ricochet]

Day-trade only IMO. But there are many, many better candidates for day-trading.

I don't day-trade but I do look for a short term (2-3mo) candidate.

 

[richardycc]

guys, get in on PARD NOW! you will thank me later

LOL, I see we have a dead cat bounce investor among us. I am more or less 'get in before the good/bad news' type. Did you buy any NGSX, VVUS? You might do another dead cat bounce tomorrow with VVUS if they announce bad news tomorrow morning.

 

[SandEagle]

LOL, I see we have a dead cat bounce investor among us. I am more or less 'get in before the good/bad news' type. Did you buy any NGSX, VVUS? You might do another dead cat bounce tomorrow with VVUS if they announce bad news tomorrow morning.

well, this one definitely had some good PR come out today and I can see it doubling in the next week or so:

today's news on PARD:

Poniard: Picoplatin Combo Has Comparable Efficacy To Oxaliplatin Combo For CRC>PARD

Poniard Pharmaceuticals Announces Updated Positive Clinical Data from Phase 2 Trial of Picoplatin in Colorectal Cancer and New Phase 1 Cardiac Safety Trial Results

Poniard: Phase 1 Cardiac Safety Trial Showed No Clinical Cardiac-Related Events >PARD

Poniard Pharmaceuticals, Inc. Endures Analyst Downgrade

 

[her209]

OMG, I'm almost even on AMD... fucking finally. Bought back when it was at $25, $5, $2.

 

[LuckyTaxi]

I'm bacccccck ... ok guys, get into this stock NOW.

PWRM ... look up VRMLQ (it went from 0.05 to $9 in a matter of weeks. Now at $20).
PWRM has the same potential and the outlook is so much better than VRMLQ.

Look it up and see the news that was just put out this morning, I'm in this long.

I'm the same guy that picked out MGLG and SKNY a while ago. Of course I've lost money along the way just like any other investor.

 

[richardycc]

You sure like to speculate, lol. I'm sitting on the sidelines for the next few. ETFC is one of my few long positions.

ETFC is up, will AMTD finally bite?

 

[ivan2]

I'm bacccccck ... ok guys, get into this stock NOW.

PWRM ... look up VRMLQ (it went from 0.05 to $9 in a matter of weeks. Now at $20).
PWRM has the same potential and the outlook is so much better than VRMLQ.

Look it up and see the news that was just put out this morning, I'm in this long.

I'm the same guy that picked out MGLG and SKNY a while ago. Of course I've lost money along the way just like any other investor.

i swear i saw a program on sunday pumping the same penny stocks

 

[SandEagle]

any sub-penny stock chasers get in on WLSI or HESG?

 

[SSSnail]

Actc

 

[IEC]

ETFC is up, will AMTD finally bite?

Not sure. It's all speculation to me until a deal actually happens. In any case it looks like ETFC is finally turning around. If it makes another big jump up I'll probably sell half my position for a tidy profit and hold the other half - or sell all and hope to re-enter later, depending on the action. Glad I bought some shares in the 1.4x range

I picked up some PWRM near close just for the lulz, though I am hesitant to hold onto a penny stock for longer than a day. Assuming my limit order fills tomorrow I'll be able to hold about 1,000 shares as a "freebie". Best of both worlds that way.

I should probably finish my options app with my broker so I can hedge my bets, but equities have been treating me well lately so I haven't bothered.

 

[IEC]

Heh, wonder if my small limit order on ETFC @ 1.62 will fill. Seems to be bouncing off 1.62 so far.

 

[IEC]

I'm bacccccck ... ok guys, get into this stock NOW.

PWRM ... look up VRMLQ (it went from 0.05 to $9 in a matter of weeks. Now at $20).
PWRM has the same potential and the outlook is so much better than VRMLQ.

Sell limit triggered, I am now sitting on 1,000 free shares. Even if it's a lotto play it's fine now!

 

[LuckyTaxi]

Sell limit triggered, I am now sitting on 1,000 free shares. Even if it's a lotto play it's fine now!

waiting for the conference tomorrow. im holding at 1610! hahaha, not much but hey if it's like that other stock i mentioned, that's $10k

 

[IEC]

waiting for the conference tomorrow. im holding at 1610! hahaha, not much but hey if it's like that other stock i mentioned, that's $10k

One can never be too cautious with penny stocks. I have a meager $25 profit even if the shares I'm holding go to zero.

 

[LuckyTaxi]

One can never be too cautious with penny stocks. I have a meager $25 profit even if the shares I'm holding go to zero.

yea, i didnt put up my life savings on this or any other penny stocks. it would be nice to make some money off a $100 investment. I'll check back in w/ you in a few weeks or earlier if we hear news.

 

[IEC]

yea, i didnt put up my life savings on this or any other penny stocks. it would be nice to make some money off a $100 investment. I'll check back in w/ you in a few weeks or earlier if we hear news.

Could be as early as Monday. I can afford to be optimistic, I suppose. Meanwhile I picked up more shares of ETFC and will dump 2/3 on the next spike.

 

[JS80]

waiting for the conference tomorrow. im holding at 1610! hahaha, not much but hey if it's like that other stock i mentioned, that's $10k

You guys know this answer? From Yahoo finance:
Were these guys recently funded? How are they continuing ops? They had like $38k in cash at end of Sep? Did they raise money in interim? How are they continuing operations?