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Sarepta Therapeutics, Inc. Message Board

  • a_sergeyevna a_sergeyevna Oct 11, 2012 12:08 AM Flag

    I HAVE BEEN LAUGHING AT YOUR IGNORANCE

    I logged in to this board, and I have been uncontrollably amused by the childish and ignorant posts concerning how shorts should be dealt with. The stupid suggestion that if you ask for your share certificates, SRPT becomes difficult to short is laughable. You forget that the stock has a float, and you forget that there are things called PUTS. Moreover, when the MMs and the big boys want to push a stock into the gutter, all they need to do is to use one of their accounts to begin a program of selling. The usual stampede is organized as follows. I short 10000 shares in Account A. Then I buy 1000 or 2000 in Account B. When I want to push the stock down, I begin to throw my long position in as market order sale in 100 share bits. 10 or 20 of such orders (in low volume) will start a stampede. In some instances 2000 shares may lead to a drop of $3. At that point, I'll be ready to cover a great deal of my 10000 short position.

    Meanwhile you have your stupid certificate (for all it's worth), and its value deteriorates. Don't forget also that when you ask for share certificates your broker takes at least $100 from you (plus postage!). If the price is moving down, you need to physically surrender the certificate to sell it. Do that in a fast moving market.

    There are other laughable ideas. I won't get to them, but the one about setting a high price as a deterent for shorters is crazy. The higher the price of a POS the better, because when it falls the reward is sweeter. However, the idea is stupid and has no merit in fact. Look at any ask side in many stocks, and you will notice that there are many such entries, but many are left there by long-term holders who want to catch any uptrends that might happen. Foolish ideas are foolish, no matter how many people express them. See you guys midday at around $27.

    Sentiment: Strong Sell

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SRPT
16.81+0.29(+1.76%)Nov 26 4:00 PMEST

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