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Merrimack Pharmaceuticals, Inc. Message Board

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  • grumpys_sister grumpys_sister Sep 21, 2012 10:19 AM Flag

    Amazing mad dash to try to mitigate

    No, I'm not buying it. With the lock up expiring next Tuesday they'd have to be curing cancer TODAY for a 30% move. And they are not. There are 81 million shares floating. Volume of 150,000 making this move up 15% this morning? Ridiculous. Utter manipulation and it is all relating to the lock-up. If this stock doesn't get support, there are plenty of insiders, whose cost basis is under $1, who can't wait to turn their 500,000 shares into cash and get out of their VC position. Let the dust settle on this one and don't touch it until late October. Give the insiders a month.

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