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Biotech / Medical : TTPH, Tetraphase Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: HardToFind who wrote (46)8/3/2017 7:33:24 PM
From: scaram(o)uche  Read Replies (1) | Respond to of 80
 
Yes, that would make sense. Except that:

1. you can't short within five days of an offering in which you are going to participate, and

2. it priced a few days ago at 6.50.

But I think exactly the way you do/did, that sellers ain't always net sellers.

:-)



To: HardToFind who wrote (46)8/3/2017 7:37:46 PM
From: scaram(o)uche  Read Replies (1) | Respond to of 80
 
After pricing at 6.50, and after such a huge discount for the pronounced dilution, it still cratered. It's like someone who bought in the secondary immediately decided that they'd made a mistake.

Traded way below the underwriter's discounted price today, bent for hell seller at just a very strange time.

I want to point out that I am completely clueless.

:-)


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