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QLT INC T.QLT

"QLT Inc is a biotechnology company conducts development and commercialization of ocular products that address the unmet medical needs of patients and clinicians."


TSX:QLT - Post by User

Bullboard Posts
Post by Myrtlesmanon Apr 22, 2010 10:01am
445 Views
Post# 17018849

Who's pumping this pig?

Who's pumping this pig?The past week has seen a huge run up in SP on low volume.  Since the company was at one time a one trick pony (Visudyne) that got compromised by other ocular treatments; then there was the half-trick pony of Eligard, which they sold off; now they have a few peripheral phase I/phase II trials that may or may not produce something years from now.  I have to think that someone's pumping it up to get the attention of day traders/etc, who will see a PE of 3 and think this is can't miss. Alternatively, maybe there's news afloat from the board to their friends to get in now as there'll be a merger/buyout (though who would want these assets is questionable).  I've held this pig for a long time, will lose money and am trying to determine when to cut my losses.  Will try some stops to get as much as I can before the bottom falls out.  Hope I'm wrong.
Bullboard Posts