Replies to post #1017 on Sorrento Therapeutics Inc (SRNE)

[KCAC]

In looking a little more. The largest trade of the day was just under $600k @ near the end of the day, it will be interesting to see what tomorrow brings. This should bring more attention tomorrow, be interesting to see if the Mo can continue. Every chart indicator seems to say buy but....

Trades for U:SRNE on 20150716 - 100 trades displayed

Time ET Ex Price Change Volume

15:50:18 Q 21.55 3.16 27,419
12:21:38 Q 18.90 0.51 22,159
15:47:05 Q 20.84 2.45 14,300
15:55:34 Q 21.36 2.97 11,800
10:43:48 Q 19.01 0.62 10,300
14:16:28 Q 20.00 1.61 10,000
15:48:06 Q 20.9136 2.5236 10,000

[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