And how exactly did I say that?
I offered my opinion as to why the stock was down, and asked if anyone had a better opinion (for my own research into why the stock is being hammered).
And clownsies like yourself accuse me of relishing because the stock is down? I have friends who still own this stock so I hope it goes up (but also friends who were smart enough to take some off the table and aren't obsessed with RIDONKULOUS price targets set by individuals here, who, quite frankly, probably dont understand that this isnt the the same Ariad as the one you knew with 75 million shares outstanding).
It is pretty simple. When Ariad had 20% institutional ownership and was going from 5 to 15, there were no sellers because everyone was buying up to the currently reported 80% institutional ownership.
Now, at 20, institutional ownership is 80% (ergo, everyone is already a shareholder.....who else is left to buy?). So, you have a couple large sellers who want out.....and guess what? Everyone already owns the stock so there are no buyers. Got it?
I am trying to explain WHY you are getting this price action. Perhaps you should just listen to someone else who says this is just a "bear raid" and its going to $90.00 ... cuz thats much more reasonable for your well being.
