That might be a good time to look again at Hana Biosciences, as they have many catalysts and news to release before the end of 2010 that should drive shareholder value:

- Rolling NDA filling for Marqibo in Adult ALL (that means a PDUFA date and the classic run-up period)

- Top-line Menadione Topical Lotion proof-of-concept data

- Initiate Phase 2 Menadione Topical Lotion trial

- Phase 2 Study of Marqibo in Patients With Metastatic Uveal Melanoma with an estimated primary completion date of December 2010 (Final data collection date for primary outcome measure)

2011 might also be a very good year for Hana Biosciences, with the potential approval of Marqibo in Adult ALL and the start of Phase III studies for other indication with Marqibo ($5B market).

Todays POMO Auction only provided 2 Billion Dollars of Fed Money. The Market has told the FED that it needs 3 -5 billion a day to continue this rally – what were the NY Fed thinking? I still do not trust the market, however the reversal today was a clear impulse pattern down, so I…

The market is in a weird place right now and it is just really hard to count.  We have either seen the end of the rally or we could hit the end of the rally soon.  I have many charts showing that we are close to the top however the whole  Fed QE POMO Auction…

No new Fed money hit today however tomorrow and Thursday both see POMO Auctions ,where the NY Fed effectively pump money into the Asset Markets.    The low volumes tell you that they are the only ones left throwing money into the market, along with a few in-the-know Hedgies along for the ride.  Actual investor…

Earlier this year in one of my posting (click here) I highlighted the Sugar ETF could rise up to around 68.  It has now moved above that and seems to have played out this b wave. There is still a possibility of  a bit of a spurt higher, but I don’t think it’ll be much.…

So another 4 billion in FED Money came into the Primary Dealers via another bumper POMO Auction. Lever it up 10 to 30x and you get some kind of explanation for Friday. I’ll count Thurday as a wave 4 correction and Friday as a 5th wave, that may have some more to go, or not.…

Not much to say.   Vix Sell signal confirmed at the close and it looks as if we painted another 1-2.  Charts below

Another FOMC day with the usual head fakes.  Amazing how a roomful of intelligent people can use so many words to say nothing. My Bullish and Bearish counts are both still valid.  On my bull count I can count 5 waves up for the end of i of (iii), on my Bear count I can see the…

Obama on TV trying to pretend he may not pillage the rich, or even the moderately wealthy.  Coincidently 5 Billion Dollars came into the Primary dealers today via the POMO Auction (see my previous post for more details on POMO).  Levered up that 5 Billion could turn into anything from 50 Billion to 150 Billion…

We believe the recent decline in the value of DCTH’s shares is an overreaction, certainly due to the stock offering and the little delay to submit the rolling NDA. The fundamental outlook for Delcath company remains strong. They have excellent clinical data, significant market opportunity and a strong balance sheet with enough cash for at least the next 12 months. In addition, Delcath continues to pursue negotiations with potential partners for international marketing rights for the Delcath PHP system.