CTIC - Cell Therapeutics, Inc. - NASDAQ

[NeHuskerz]

I'm looking at those 1,731,850.00 worth of 2.50 calls.

What's that mean?  Thanks.

[Gene]

I'm looking at those 1,731,850.00 worth of 2.50 calls.

What's that mean?  Thanks.

I am not an options pro, but here's my interpretation:
You place a Put Option on a stock which you expect to drop.
When you buy a put, you have the right, but not the obligation, to sell the shares.

Theoretically if the price continues to rocket it could create a short squeeze.

[eric1960]

Just out, more stock:

http://finance.yahoo.com/news/Cell-Therapeutics-Inc-prnews-2229184593.html?x=0&.v=1

[jotuk6771]

I'm looking at those 1,731,850.00 worth of 2.50 calls.

What's that mean?  Thanks.

I am not an options pro, but here's my interpretation:
You place a Put Option on a stock which you expect to drop.
When you buy a put, you have the right, but not the obligation, to sell the shares.

Theoretically if the price continues to rocket it could create a short squeeze.

http://en.wikipedia.org/wiki/Option_(finance)#The_basic_trades_of_traded_stock_options_.28American_style.29

[eric1960]

Means somebody(s) is betting 1.7  million that the price will move up big .

[Gene]

Eric, what do you think about today's reaction so far...

[eric1960]

Looks like they spoiled a rally (as they have done many times)  because of more stock. But I wouldn't rule out anything here. Ton of traders in this stock, very dicey, the news on Monday should produce a big move either way.

They have a product that could be a winner, but the dilution is getting out of hand (for me).

[Gene]

Are you holding through Monday, you got a lot of shares?

[eric1960]

I sold everything in Ah yesterday when the dilution news came out. Lost 300.00. Can buy lower now.

No, will not be holding into Monday.

[Gene]

Still holding....news should be out today....Oh Boy!

[eric1960]

The dilution is excessive here. With the last stock offering I've become bearish on this stock.

[eric1960]

Looks like I was right here. The delay of the fast track weeks ago plus the dilution is what killed the stock, shorter term.

[MatrixPerv]

New Class of Platinum-Based Anti-Tumor Drugs, Bisplatinates, Demonstrates Potent Anti-Tumor Activity and Ability to Overcome Resistance to Currently Available Platinum-Based Agents

CTI targeting starting human clinical trials as early as year end 2010

    * Press Release
    * Source: Cell Therapeutics, Inc.
    * On 1:30 am EST, Monday November 30, 2009

http://finance.yahoo.com/news/New-Class-of-PlatinumBased-prnews-1781308700.html?x=0&.v=1

SEATTLE, Nov. 30 /PRNewswire-FirstCall/ -- Cell Therapeutics, Inc. (CTI) (Nasdaq and MTA: CTIC) announced today that its new class of platinum-based anti-tumor compounds, termed bis-platinates, demonstrated a stronger anti-tumor potency and activity compared to currently available platinum-based compounds as well as the ability to overcome cisplatin-resistance in cancer cell lines. The results were presented in a paper titled "Novel Bis-platinum Complexes Endowed with an Improved Pharmacological Profile," by Laura Gatti et al. that was published in the online edition of the journal Molecular Pharmaceutics. Platinum-based compounds, such as cisplatin and oxaliplatin, are the cornerstone in the treatment of testicular, ovarian, colorectal, lung and other cancers but their effectiveness is limited by the relatively low therapeutic ratio, the ratio of the maximally tolerated dose of the drug to the effective dose, and the frequent occurrence of drug resistance leading to cancer recurrence. The novel bis-platinum compounds represent a completely new class of platinum-based drugs called bisplatinates.

[Dr PennyStock]

It has a lot of resistances to break, 1.11, 1.18, 1.21, 1.26, 1.30

[eric1960]

This is starting to run because of:

http://www.thestreet.com/_yahoo/story/10671278/1/biotech-calendar-key-dates-for-february.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA