Replies to post #23282 on Ariad Pharmaceuticals Inc fka ARIA

[mejs]

A Word to the Wise

Here's a great example of shorts/hedge funds running the stops to cover large short position. ZIOP is nearing pivotal PIII data on its lead drug candidate. Shorts/hedgies are short about 11M shares. On Friday, a "blogger" hatchet piece was published by Forbes.com. The piece made several very damaging assertions that were highly innaccurate or irrelevant.

Within hours, ZIOP issued a press release refuting the information. Forbes.com removed the hit piece by early afternoon but it didn't matter. The damage was done. The share price dropped as much as 35% in just a couple hours. Stop losses were triggered and over 7M shares traded compared to typical daily volume of about 400k shares. Retail shareholders were targeted victims of this well-orchestrated theft. The share price is already higher today than it was at the open on Friday before the short attack. But, they achieved their objective and retail shareholders got screwed.

Chart forZIOPHARM Oncology, Inc. (ZIOP)