Today was rough for Genta but the PPS never fell under a penny. It did drop 70% but it held strong at a new (low) resistance level. There were a lot of new buyers at this level and it seems the true measure of this stocks value will be known in the near future. With a strong pipeline still in place there is a chance of recovery.
AGENDA was not based solely around melanoma. Today seemed to be a huge over reaction to some bad news and I think that GETA will be gapping up in the morning.
There will be another conference call next Thursday. Until then I can’t give much more solid information.
This is in my opinion only, I strongly advise to do your own DD, and have a good evening.
-Trading Grasshopper
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