Sorrento Therapeutics Inc (SRNE): Trying to ignore all the pumps and short...

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PHAN

Re: None

Sunday, 02/20/2022 12:59:04 PM

Sunday, February 20, 2022 12:59:04 PM

Trying to ignore all the pumps and shorts and came up with the following. If my figures are even close, I think my investment in Sorrento is still a pretty safe bet for the long term.

Sorrento Outstanding Share Count
307.6 million as of Feb 20, 2022 (TD Ameritrade)
Institutional Ownership Percentages
Jan 28, 2022 23.81% or 73.2 million shares
Feb 15, 2022 27.64%
Feb 16, 2022 27.77%
Feb 17, 2022 28.65%
Feb 18, 2022 28.98%
Feb 19, 2022 29.02% or 89.3 million shares
89.3
-73.2
+16.1 million share increase (5.21%) since January 28th.The last 5 day buying pattern is obvious.

The smartest money managers in the world are buying up
Sorrento stocks at the lowest share prices of the year,
averaging around $3 per share. If this were going in the opposite direction I would be very concerned.

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