Post by
BillionaireBoy on Apr 04, 2019 8:41pm
I wonder if Pdl was shorted down from $26.40 to current
levels because the underwriters' probably knew that this was going to happen. That sudden $7.00 drop the day it touched $26.40 was very suspect! This is especially so when the company is reporting record earnings and their best quarter in history. Not liking how this secondary offering is being handled. So it is a bought deal by the underwriters @ $13.00. Does this mean that they also offer the shares at $13.00 or can the distribute them at higher prices? GLTA Longs
Comment by
macdtrader on Apr 05, 2019 2:54am
No question about it. The slutted this out real cheap.