The Real News - Hold and Buy OncolyticsThe five posts CravenRaven and mewland have made today are a real coincidence. Their content has little importance but does serve the purpose of burying the discussion on this mornings’ announcement.
I viewed the announcement as positive and posted Rounding the Post. It is repeated in italics to get it back to the top of the Board.
Today’s AGM will be different than prior ones. This morning’s timed announcement of the supply agreement is another indication that the commercialization of Reolysin is rounding the corner to the home stretch. AMGN paid $1 billion for Biovex. The market cap of ONC is under $390 million. The days of the buy side manipulation are coming to an end and the shorts have limited time to cover their bets. Hold and buy Oncolytics. How many trading days until the World Lung Cancer Conference?
Sharkfood posted his disagreement. He is welcome to it. I did not understand it.
If a reader listens to the interview Pericles posted under A Must Listen, the announcement is exciting news but not a surprise. Brad said that Oncolytics was moving forward to start stock piling Reolysin in advance of being granted FDA approval. The announcement also addresses cost of manufacturing concerns, and shows confidence in getting FDA approval on the manufacturing side. As for partnership agreements, I like the concept of licensing agreements with a third party doing the manufacturing. It maximizes the number of therapies that Reolysin can be paired and Oncolytics maintains control.
It is the readers’ choice to side with Sharkfood’s judgment or mine. I know CravenRaven and mewland will side with Sharkfood and support the buy side manipulation. As an example of a buy side manipulation, here is the trading of Dendreon.
Trading of Dendreon, DNDN, on the NASDAQ
Date | Close | Volume |
| | |
31-Dec-08 | 4.58 | 714,221 |
15-Jan-09 | 4.61 | 2,471,820 |
30-Jan-09 | 3.37 | 1,317,839 |
17-Feb-09 | 3.65 | 1,606,247 |
27-Feb-09 | 3.05 | 2,757,763 |
16-Mar-09 | 3.95 | 4,921,467 |
31-Mar-09 | 4.20 | 2,296,321 |
01-Apr-09 | 4.14 | 3,199,650 |
02-Apr-09 | 4.34 | 2,427,867 |
03-Apr-09 | 5.99 | 22,497,200 |
06-Apr-09 | 6.58 | 19,585,750 |
07-Apr-09 | 6.58 | 7,346,062 |
08-Apr-09 | 6.37 | 5,392,639 |
09-Apr-09 | 6.30 | 4,234,697 |
13-Apr-09 | 7.30 | 12,775,310 |
14-Apr-09 | 16.99 | 65,120,890 |
15-Apr-09 | 17.17 | 19,294,060 |
16-Apr-09 | 17.03 | 6,894,881 |
17-Apr-09 | 17.99 | 17,799,470 |
20-Apr-09 | 19.52 | 17,724,250 |
21-Apr-09 | 19.74 | 11,008,510 |
22-Apr-09 | 20.12 | 7,358,435 |
23-Apr-09 | 20.33 | 6,123,418 |
24-Apr-09 | 20.08 | 7,393,327 |
27-Apr-09 | 21.55 | 18,569,850 |
28-Apr-09 | 11.81 | 28,070,740 |
29-Apr-09 | 22.94 | 48,235,790 |
30-Apr-09 | 21.20 | 17,468,950 |
Yesterday | | |
10-May-11 | 39.04 | 2,245,713 |