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Vertex Pharmaceuticals Incorporated Message Board

  • ldk139 ldk139 Feb 17, 2012 4:46 PM Flag

    Why they downgrade VRTX while buying millions of VRTX shares themselves?

    Please use your own judgement.
    If somebody planned to increse VRTX holding by 1969.76%, do you think that someone would upgrade the VRTX stock at the same time ?
    Of couse not. That somebody's own buying millions of shares alone would push the VRTX price doulble or triple if he did not downgrade the VRTX stock. If they wanted to buy tens of millions of VRTX shares, they had to downgrade VRTX so that VRTX price would not be pushed to skyhigh. That is easily understandable. This explained why their analyst downgraded VRTX while they themselves added 3,660,171 new shares of VRTX (a 1969.76% increase in holdings ).
    Just be patient. They will push the price to triple or 4 folds when they finish buying and plan to sell. That is my personal view, which you should not rely on without doing your own research.

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