CTIC - CTI BioPharma Corporation - NASDAQ

[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

[4d_POWER]

What kind of spike could be expected from good news on the 10th? 

[eric1960]

I made 400.00 in this & sold at 1.18.  Because of all the put open interest at 1.00, things don't look good.

Very risky here, probably will drop on Wednesday.

[eric1960]

Roller coaster stock, don't throw up.

[Stretcher75]

Nice getting out on this one, what a free fall today.

[4d_POWER]

0.79
Trade Time: 11:47AM ET
Change:  0.27 (25.25%)
Prev Close: 1.06


Good call.....wow!

[eric1960]

1.00 & 1.50 puts & calls getting a lot of volume today, be interesting to watch the next few days.

[eric1960]

This is running today. This will probably go to a 1.00. A lot of calls & OI here.

Apr 17 2010  1.00 Calls 19,772 OI.

[eric1960]

I'm thinking they may run this to over a 1.00 to juice up the call options & then cash out.

[eric1960]

2,144  March 1.00 calls traded today, 11,515 OI.        

[eric1960]

I got about 1300.00 gain Friday. I cannot hold this stock overnight because of the fear of another PR of of more stock.

Don't know how far over 1.00 it will go, but a good chance it will go over 1.00 soon.