Re: Here's one for you, Pine.- Sarepta's convertible notes due 2024
Thanks. It looks to me that these 7 million shares may represent a large part of the 7 million shares we see short all the time. It wouldn't surprise me if these guys saw a great opportunity to crash the stock at 150 (the three suspicions events happening with perfect timing in tandem). So they, in effect, took their profits from their initial 73 buying price to get a double. Then after the stock falls to c.92 (the Fibonacci point, where 2 million sharers traded at 4pm). They buy them back for another ride up. Wouldn't surprise me at all. Those notes were purchased a while ago and they wanted their profit. They ate their cake and they'll get their cake to eat it again. Makes a whole lot of sense.
That last line from your original quote says it all: (paraphrasing)..."This deal may avoid or result in massive up or down moves in the stock price. It could at times stabilize the stock or, if the buyers so chose, crash the stock. So, welcome to Sarepta. Our goal: Have 196 shareholders at year's end ... every year! Hooray and Hurrah!!!!"