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Up 70%, Peregrine's Clinical Lemon Becomes Lemonade

Since the company's clinical data mix-up in a non-small-cell lung cancer study of bavituximab, Peregrine investors have been anxiously waiting to see what, if any, life might remain for the drug in this potentially lucrative indication. Today, the company released interim findings from its investigation into the mishap, and, as one might expect to see from a company with its back against the wall, the findings were considered positive. However, as Brenton Flynn discusses in the following video, investor should approach this with a "once bitten, twice shy" mentality.

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  • Report this Comment On January 08, 2013, at 4:46 AM, BSDetector wrote:

    So you actually think they are going to lie about the results knowing that 20+ law firms are already on their case Brenton? I don't think so.

    I seriously doubt that stupid retailers that live in the dark purchased 62,000,000 shares today. Those were hedge funds buying. This stock will see $3.00+ in no time.

    I've been riding this pup since it was 80 cents and intend to stay aboard for a good while longer.

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