SPPI is just as fine

Yesterday we learned that they issued $10M offering....bad news, right?

Today we found out that the insitution paid $10M for $5.83:

http://www.marketwatch.com/story/spectrum-pharmaceuticals-receives-10-million-from-two-institutional-investors-at-583-per-share

This is great news. The logic is simple: if institions can buy it for $5.83, they know better than I that the stock is going to go up

SPPI chart looks very just fine:

http://stockcharts.com/h-sc/ui?c=sppi,uu[w,a]dacayyay[dc][pb21!b25!b30!f][vc60][iut!ld20!lah12,26,9]