Down 10%: Peregrine Hits the Brakes

After an incredible week that saw shares of Peregrine Pharmaceuticals (NASDAQ: PPHM  ) appreciate a surprising 80% on Monday, shares of this biotech took a 10% haircut today. Why the drop? In this video, health care analyst Max Macaluso discusses today's decline and offers his opinion of what investors should watch in the coming weeks.

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  • Report this Comment On January 09, 2013, at 3:07 PM, BSDetector wrote:

    Study the science behind Bavi & study the options tables (particularly April) if you want to profit.

    Waiting for news from management may eliminate the risk but also has a pesky way of eliminating any chances of profit.

    PPHM owner at 0.80

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