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Achillion Pharmaceuticals, Inc. Message Board

  • biddlesbank biddlesbank Jan 11, 2010 8:00 PM Flag

    ACHN: TALK ABOUT MANIPULATION!!!!

    Of all the stock I have bought I have never seen a stock so grossly manipulated as ACHN was today. Now here is the deal. I sold 1000 shares in premarket for $3.95 There were 835,827 shares sold premarket, the highest being $4.05

    That is pretty active for premarket trading, almost a million shares. So, how is that this much trading took place unless the big seller was selling to himself to drive up the price? Once it got up where he wanted it he dumped his millions of shares, as I see it, or at least I suspect he did.

    Does anyone have a good handle on how he or she could get away with this kind of manipulation without going to jail?

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ACHN
8.55-0.25(-2.84%)Apr 29 4:00 PMEDT