Makes it his 5th largest holding......the aggressive buying means he views the company as undervalued at these prices. He must be reasoning an oil price rise, an acquisition,or he feels some great impetus to add it to his portfolio right now.
your comment reveals a tragic lack of manners,which probably indicates a deep seated resentment for not knowing your own parental heritage, or if you do,you are haunted by doubts.
Dipp owns under a million shares. Her last options exercise on 12/31 was for 4600 shares and she sold just over half. If I was leaving a company and had 991,000 shares and thought the company had no future I at least would have sold all my options that I exercised.
I had this early, sold all at mid 40's. Initiated a small position a month ago below $10. Was ready to buy more when it hit $6. hesitated and missed it. Biotechs are always the most risky and everybody plays them for those big "pops" when they run....and I never blame anyone else. It is not investing it is speculation...plain and simple. Unless the institution has inside info they are taking the same risk as you are...except they have more coins in the bank and probably more diversified with offsetting options. Their is no Homework...the products are either approved or not. The products will either sell or not. You can attempt to join one of these class actions,I even did it once years ago on a Chinese stock that held promise until it was discovered it had absolutely no assets.There was nothing to give back. Now I just grin at my stupidity when one goes bad, like CLDN last May ( made a ton on the first run,lost a ton on the second) and move on. Never gamble with your chicken money( money you absolutely dont want to lose)...Personally still think there is some promise in this stock.. good luck.
Every time a stock does not meet investors expectations some ambulance chasing law firm files a class action suit. 90% of the time they are attempts to further drive the price down and they ultimately get no results as they can never prove their allegations, just add to the fear. They make you believe it was the companies fault you pushed the buy button without properly assessing risk and doing your homework.
Recent aggressive moves show he owns 70 million of 533 outstanding shares.,nearly 1/8 of the company,.8 million in the last few weeks.
Considering oil prices he must be thinking about it.
Thanks for responding. This happens to be my largest position in the market which I have had for many moons....sold half when it dropped below $11. Thought they were righting the ship after Gross's departure.....I scrutinized their assets and see nothing except the foreign market exposure,unless those small allocations are the culprit because of the strengthening dollar. I naively thought that might be offset by the 27% cash position. It was real sticker shock to see such a huge drop in what is supposed to be a stable fund. regards.
There is a certain wonder as to how greed and fear are intertwined.......more importantly..... how easily it becomes an "art" to manipulate a stock price in ones favor. Fundamentals eventually win,but not before you lose peace of mind and sometimes lots of "principal"..........especially when it is mainly caused by the unprincipled.