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Friday, June 12, 2015 9:13:21 AM
How does an IPO company lacking even a phase II trial become worth 5.5B. By loading up on PR's, paying the right people to promote the shares, having the right people buy them and making sure to get into the "IT Factor". No doubt CAR-T is the it factor. Notice Celgene backed out of Bluebirds extra's. With Juno, they just made a deal that is worthless to them, but the PR value was huge.
Usually they would be pounding this page for extra PR work like they do Yahoo, but it hasn't been needed. The PPS has held up well because so many schmuks bought it. All the flippers know this is a dream stock.
Of course the short guy may be wrong, retail will never know what is going on behind the scenes with the TA, HFT, and people controlling it. Really is a big conspir... with people controlling the PPS from a distance.
Sad too that mutual fund managers will be paid to buy it.
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