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Keryx Biopharmaceuticals Inc. Message Board

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  • mackgreene33 mackgreene33 Apr 30, 2012 7:17 AM Flag

    Anyone see the 1,000,000 shares at the bid Friday?

    The meaning of that bid was basically

    It's a "buy scare" as we call it.

    It's when someone with some loot wants to get a nice short position, they put up a massive buy to create hearsay and interest and hopefully new investors. Then they pull it...Now if they wanted the shares they would have bought it but they plan to establish a short position after it goes up..kind of a no brainer??

 
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