Replies to post #1609 on Ariad Pharmaceuticals Inc fka ARIA

[biotech_researcher]

biotech_researcher, at least your are coming off your point a few post ago that stated that, "you hope a MM hasn't taken in 1.3 million shares as there will be many shares to sell in the future". It is much more complicated than that!

This is a yes or no answer... Are you short Ariad?

[DonShimoda]

A MM took a $4.5 mm position, out of the blue, in August, in a volatile market, without backing up the price. So, that's what you think actually happened. Give me break.

[DonShimoda]

According to your post you claim to know "how it works." Well, despite your belief to the contrary, no institutional client is going to call up a MM and try to jam through a 1.3mm share trade at the close for the simple reason that they know they wouldn't get very good execution. No, in reality, the MM would be given an order so the seller could get the best execution/price. Furthermore, even if someone was stupid enough to do what you are suggesting the MM would have immediately hedged their position with options...which didn't happen yesterday.

Do you understand this? I hope this wasn't too much for you, but, this is how it works.....