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Sarepta Therapeutics, Inc. Message Board

  • cigan1956 cigan1956 Jan 13, 2013 11:12 AM Flag

    Legally Maniipulation The Market Price On New Share Over Allotments

    "The stock remains very richly priced as seen by the sell off following the recent stock offering at $25.25."

    Get a clue about why the price went down after after the stock offering. The over allotment is designed to prevent the market makers from loosing money on the offering. They can legally sell the shares short into the market at as high a price as they can. They then use an alogo platform to cover at the lowest price they can drive the stock down to. Which is exactly what they did.

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23.35+4.91(+26.63%)May 25 4:00 PMEDT