"Massive selling at the opening - and then slowly buying back. Don't sell ! Sellers strike ! Let the SOB cover above 13" - obliden - May 7, 2013
Sellers strike? Do you actually believe that the participants on this message board have that degree of influence on the trading patterns of AMRI? That is fantasy. What probably happened on this day was that one or more institutions took profits. Perhaps they were among the daring investors who bought when AMRI plunged into the $2.00 range?
“AMRI has consistently beat earning guidance.” - ioj2ioi - May 7, 2013
That comment is factually inaccurate. If anything, AMRI has consistently fallen short. The company has had a string of failed acquisitions, restructures and earnings disappointments.
I have to wonder if some of the posters on this message board are trying inflate the prospects/image of AMRI in a desperate attempt to ignite buying interest and increase the stock price. Some posters tried that in the past. That will not work because none of us have enough trading funds to have such an impact, either alone or together.
"Got manipulated down - So that the bigboys get in at a discount. Instead of the stock going up 15% they manipulate it down 20%." - philthyesthoodlum - May 7, 2013
"The stock is now only 52% institutional owned - so many funds are looking to come in. The move this morning was to shake off weak hands, so now funds can buy up, in peace, at $10. Great for them." - ioj2ioi - May 7, 2013
It is not my intention to pick on anyone. However, when I read these types of silly comments, which attempt to perpetuate fairy tales about the market, I have to respond.
First of all, I have a Drinking Buddy who works for one of the large asset managers in Denver, so I have a slight advantage in sizing things up. I often bounce questions off of him
To infer that stock price of AMRI was "manipulated down," so that large investors could buy at a lower price, is absurd. The SEC would be all over that situation like white on rice. Also, to similarly infer this collusion was implemented "to shake off weak hands" is significantly far from reality. Institutions crunch the numbers and develop their target prices. Then they buy within a range. This is not Texas Hold 'Em, where players bluff each other out of hands. Even for a small cap stock like AMRI, there is enough trading interest out there to provide some trading liquidity.
"so now funds can buy up, in peace, at $10" - this infers that retail investors, such as the posters on this board, are disruptive. It infers that retail investors somehow get in the way of the institutions. That is pure fantasy as retail investors probably do not have that degree of influence on AMRI's trading.
Investors might has sold off at the time of the offering because AMRI burned through boatloads of cash by making bad acquisitions. They might have seen the offering as an indicator of those numerous failures, which have placed the company in a tough position.