CTIC - CTI BioPharma Corporation - NASDAQ

[eric1960]

I sold at a small loss in AH yesterday (125.00) because I found out earnings are tomorrow.

[eric1960]

Down a few pennies on ER this morning which means little on a bio like this. Still think CTIC is worth watching because of all the 2.50 calls purchased.

Either someone knows something or we have a BIG gambler here.

344,405 calls x .05 = 1,731,850.00 !!!!!!

[eric1960]

I wouldn't give up on this stock, this could be a big winner. Right now I wouldn't buy until next PR, watching the computer closely. Maybe a position in a call. The dilution is getting to be too much, that is for me.

[eric1960]

I have a feeling a big move upward is coming, don't know if it will hold,. The call buyer will sell the calls to close the position. Just a feeling I have about this.

344,405 calls x .05 = 1,731,850.00 is a lot of money, or this could be a big gambler who is going to lose a ton.

I have no position now, but may take one.

[eric1960]

Moving up.

[eric1960]

There is a good chance this will go to 2.50. This looks like it's  to breaking out.

[NeHuskerz]

There is a good chance this will go to 2.50. This looks like it's  to breaking out.

I jumped in this today.  News is supposed to be out on Monday...

http://www.thestreet.com/_yahoo/story/10579594/1/biotech-calendar-key-dates-and-events.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

[eric1960]

Hope you do good.

[eric1960]

Could run up before the news.

[eric1960]

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

[NeHuskerz]

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

What's that mean?  Thanks.

[eric1960]

Just out, more stock:

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

[eric1960]

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

[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).

[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.