Replies to post #38183 on Ariad Pharmaceuticals Inc fka ARIA

[kipster210]

You are right…there is no conspiracy. It was just bad luck/or good luck for some depending if you are one of those who shorted the stock. But remember these headlines from a few months ago.
ARIAD PHARMACEUTICALS STOCK SEES SHORT INTEREST JUMP 14%
The most recent short interest data has been released by the NASDAQ for the 07/31/2013 settlement date, which shows a 2,230,507 share increase in total short interest for ARIAD Pharmaceuticals, Inc. (NASD: ARIA), to 18,217,590, an increase of 13.95% since 07/15/2013.

This was the same time Goldman Sachs was accumulating their millions of shares with a neutral rating and a projected price of 21. My gut is telling me that for every share GS bought, they also shorted the stock one share. Think about this, if you buy a share for $19PPS and also short it for $19, then you do not lose anything if you create a new market at $5.75 a share. What you need is a lot of shares to keep the stock price down!!!

[Merc1]

Not saying I agree with any conspiracy theory, but this was an unprecedented flash crash - the retail investor did not stand a chance to get out alive. Don't be so naive to think this doesn't happen in real life big money big corporate America -no, its all on the "up and up".

[oldchemist4]

I also do not like conspiracy theories because they have a logical flaw. If the conspiracy was any good, you wouldn't suspect it. Or, if it really is a good conspiracy, then what you think is the conspiracy is actually a decoy. And around we go.

That said, even to my naive eyes, the trading the day before the crash was unusual and the trading since is bizarre. That's why, even though I don't go along with the conspiracy crowd, I filled out the complaint section on the SEC webpage today.

OK - now that I have done that, let's get this BB back to what it was.