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Monday, April 02, 2007 4:46:59 PM ET JMP Securities
NEW YORK, April 2 (newratings.com) - Analysts at JMP Securities reiterate their "strong buy" rating on Dendreon Corp (DNR.FSE), while revising their estimates for the company. The target price has been raised from $12 to $20. In a research note published on March 30, the analysts mention that Center for Biologics Evaluation and Research (CBER) panel has unanimously voted in favour of the safety and efficacy of the company’s Provenge’s BLA for the treatment of late-stage prostate cancer. The analysts believe that the FDA would grant Dendreon an approvable letter for Provenge going forward. The EPS estimate for FY07 has been reduced from -$0.49 to -$1.15. The EPS estimate for FY10 has been raised from $0.84 to $1.27.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
DNDN closed above 15 today - could see short squeeze tomorrow - I don't see shorts wanting to hold through weekend or into next week when we could get good news in the form of more upgrades, ROW partner announcements for EU and Asia, and long shots like buyouts or fastrack FDA approval.
FDA vote will happen now and 5/15 - no later than 5/15.
Posts: 268 | From: New York | Registered: Mar 2005
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Jagnotes had a late day rumor of DNDN about to sign with a large pharma partner. This is presumably for international marketing as DNDN plans to handle North America by itself. Roche would be a nice partner!
Posts: 83 | Registered: May 2006
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The "Jo effect" helped this one to go up today. I sold 450 out of 500 shares at $16.50. I'm a little frustrated, but at least I got a profit after being down since I bought it.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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The reason it makes me nervous is that I've been through FRPT's CEO's stock sale and subsequent drop from 24's to $15's. FRPT is finally working it's way back up.
Even though there are perfectly valid reasons for selling stock, you never know how investors are going to react.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Why would a CEO sell stock if they were confident that this would go to $70 like someone had predicted. You would think he would hold on for a higher price if he believe the pps could be sustained and will rise from current levels. Just a thought. I personally think this will retrace some. Good luck though as I don't want anyone to lose their arse.
Posts: 316 | Registered: Oct 2005
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posted
He only sold 20%ish of his shares.. To sell that after a 300% increase.. thats not a bad move.
Id eliminate at least 20% of a position if i gained 300% on it in a week.. wouldnt you?
Never know which way the market will pull your stock prices.
The stock sale was monday too... It increased drastically since the CEO stock sale.
In this case the CEO stock sale is a scare tactic.. its done and over with. If he elimintated a huge percentage of his position, maybe something to worry over..