Replies to post #13433 on Sorrento Therapeutics Inc (SRNE)

[1776club]

OK, don't get upset. I have had a channel on SRNE since 2/18/2022 which it slipped out of 0n 3/14/2022. New channel on 3/18/2022 with the same slope shows that on 8/15/2022 the price of SRNE will be a -1.75 or somewhere around $-$700 million. LOL
Now I know that isn't factual just a projection, but it made me laugh.
Still very bullish on SORRENTO even though I have seen some negativity on another boar saying how we shouldn't be in the test business.

[FitzyP33]

Blackrock holds those shares in their index funds because they have to.

In other words no portfolio manager at Blackrock analyzed SRNE and said lets buy some shares.

This is a mistake I've seen a million times. Retail investors say so and so owns shares when in fact it's their index funds or ETFs. Yes, they own the shares, but not because they want to.