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Old 04-22-2012, 08:25 AM   #61
Old Rum
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Originally Posted by ThreeFinger View Post
Think I'm too late on this one?
While there are obviously much 'safer' picks, I think this is at or near the bottom, so no I don't think you are too late imho. The problem is that BPAX is a target of the shorts. It is much more of a gamble to be short than long in BPAX. Once significant news breaks shorts are screwed. If libigel news breaks and stock is halted it could be huge and the shorts are completely screwed. The downside is low volume sideways trading and chance of r/s. The upside is lots of cash, huge pipeline and research paid for by Johns Hopkins University.
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