THLD

[shriep]

THLD took a massive hit today, and has flatlined around 3.30.  Im thinking about jumping in for a possible rally on monday.  what do you guys think?

[dennis67]

i bought 4000 this morning at 3.16  sold 1000 for 3.33   i wonder how much its shorted   maybe there will  some  short covering the next day the nasdaq goes green

[shriep]

possible chance to catch a quick run up next week.  the stocks reaction to the fda stopping of their trials is an over reaction i think, shouldnt have dropped down this low, and will recover some next week.  im going to take advantage of it.

[dennis67]

did you see the downgrades  lol  big deal   one year target  is stil 14
12-May-06 CIBC Wrld Mkts Downgrade Sector Outperform  to   Sector Perform
12-May-06 Morgan Stanley Downgrade Overweight  to        Equal-weight
12-May-06 Cowen & Co Downgrade Outperform    to      Neutral
12-May-06 Lazard Captial Downgrade Buy    to         Hold

[dennis67]

possible chance to catch a quick run up next week.  the stocks reaction to the fda stopping of their trials is an over reaction i think, shouldnt have dropped down this low, and will recover some next week.  im going to take advantage of it.

they didnt stop the trials
partially suspended

 




UPDATE 1-Threshold says FDA partially suspends drug trial


LOS ANGELES, May 11 (Reuters) - Threshold Pharmaceuticals Inc.(THLD.O: Quote, Profile, Research) said on Thursday the U.S. Food and Drug Administration partially suspended a late stage clinical trial of a drug for enlarged prostate after six participants showed liver problems, sending its shares down 76.1 percent in after hours trading.

The problems included "adverse events" in three men in the phase 3 European/Canadian clinical trial, and three others who had elevated liver enzymes in other trials, Threshold said in a statement.

The drug, TH-070, or lonidamine, was first approved to treat cancer in three European countries in the mid-1980s.

The company said the FDA has requested additional information related to the drug's acceptable dose and duration of treatment in patients with benign prostatic hyperplasia.

The company said it would stop administering the drug to 567 patients enrolled in phase 3 of its European and Canadian trial.

Threshold said it would continue two other trials but was withdrawing another trial that had been planned for this year.

"Our main priority right now is the safety of our patients and we are working with the FDA to resolve these safety issues as quickly as possible," said Alan Colowick, Threshold's chief medical officer.

[kslifka]

Be careful on these big gap downs.  From my experience these biotech gap down stocks is that it takes 3 to 6 months to enter that gap.  Believe me it will test that 3.52 level a couple of times before it breaks and holds above that level.  ENCY, NABI, ELN are some expamples.  One to keep an eye on but not for awhile.

[Like A. Rock]

 I think eventually, it will partially fill that gap. Will be watching Monday.

[stocks2watch2]

THLD to be added to the biotech index,

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B89AA49CD%2D7149%2D413D%2D922B%2D5EB01A502C33%7D&siteid=mktw&sid=1927606&symb=

[dennis67]

any body in this besides me?  i bought alot more on yesterdays selloff. im no chart person but since yestrdays sell off  it looks like it is making higher lows and higher highs on the 1 day chart.do you think its redy to turn around now? most are saying that it oversold on the news.

[stocks2watch2]

THRESHOLD PHARMACEUTICALS INC Files SEC form 10-Q, Quarterly Report

http://biz.yahoo.com/e/060515/thld10-q.html

[stocks2watch2]

THLD to be added to the biotech index,

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B89AA49CD%2D7149%2D413D%2D922B%2D5EB01A502C33%7D&siteid=mktw&sid=1927606&symb=

Keep an eye on THLD, it will be added to the index on Monday.
Bought 16,000 @ 3.25.

[stocks2watch2]

Breaking out to hod.
3.40

[stocks2watch2]

Looks like the shorts are covering Should see a gap up Monday.
Price 3.70

[stocks2watch2]

Strong close @ the hod 3.79. Sold 6000 @ 3.75.

[stocks2watch2]

Looking good, over 1 mill. shares traded.
Up .53 @ 4.32