Sorrento Therapeutics Inc (SRNE)

[General_Sevier]

That's clearly expected as well as a significantly higher price once the IPO trades.

The stock has already risen from $14 on this front running. All that's going on now is late front runners who just heard the news.

People who read the earlier S-1's already knew they sold shares in June for $19.20.

This price range of #20 to $23 was lower than I had expected based on the pre-filing prices they had sold for.

It can go higher on greater fool trading and it could go lower.

This was already widely known by early morning with numerous services putting out the pricing data.

Somebody finally learned about it mid day and stoked the thin trading spike.

I just think the odds are more with an end to this run but the IPO looks to price around July 27 - 29 so who knows with this world of momo trading.

Good luck