RE: 20 cents
BALAIN,
we are all hurting badly... And its EXACTLY the kind of emotional worry you are feeling... and thinking worst case scenario without any real basis... ...... ie: suggesting going to 10 cents.... true fear... that is usually indicative of capitulation and a short term bottom.
There is really nothing anyone can say in times like this to calm fears... we all have to deal with it in our own way. For my sake, I absolutely never thought we would see these levels again even given all this company's shortcomings. With a market cap now below $70mm, I am betting that this selling has less to do with PLI fundamentals (or lack of ) , and more to do with indiscrimanent liquidation.... which theoretically should be temporary. All we can do is hope that there are enough people out there that see the underlying value... and will step in and buy ...which should help get this stock back to some kind of fair valuation.
It sure would be nice to see some kind of news or further catalysts to lend support.... but I guess if the market can shrug off the rather significant Abraxis deal.. then I guess almost nothing would help at this point.