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RXi Pharmaceuticals Corporation Message Board

  • red900901 red900901 Jun 20, 2013 11:41 PM Flag

    It should be 50 cents.

     

    I estimate we'll hit .35-.50 after Ph1b results are unblinded on July 12. Just a guess of course as there are so many unknowns, but most of them seem positive. Isn't biotech investing fun!?!

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    • a guess,huh well that just great and i will consider your guess when pps drops about another .10

    • If it don't , Will you and all your ids leave this board forever..

      Sentiment: Hold

    • I think every investor should invest a portion of his / her investment capital in speculative stocks where the risk / reward ratio is significantly in his / her favor . RXii fits into this category .

    • maybe red. you're right, a lot of unknowns. but, there are some knowns:

      a. remember what happened when ph1a results released? Gap open at .22, then continued selling down to the close at .20 on volume of only 2.5M... only 1.5% of the float changed hands (I personally found it very disappointing on that kind of news). It's possible we may see that kind of action again on ph1b, albeit at maybe a somewhat higher price level. It's "possible"... I could be wrong.

      b. 113M was added to the float last month. My guess is that at least 90 - 95%, maybe more, of that is still in the hands of "insiders". At what price levels will they be willing to let go of some of that (unknown, but very important question because the answer will determine, I believe how the price action plays out, not only on ph1b, but in days/months after).

      c. Institutions and hedge funds have to get their shares the same place we do, in the open market. Notwithstanding a reverse, when, how much, and at what price, will they be willing?... unknown, but this, in conjunction with (b) will, I believe, also bear greatly on price action. Anyone here on this board willing to sell their shares for less than $1 dollar?.... $5 dollars?... 10?... not me.

      I guess my theory is this: what will drive price significantly higher here will be the transfer of "ownership" of the float from the insiders to the institutions. If at 100M shares, then insiders own roughly 60% of the float.

 
RXII
2.90+0.09(+3.20%)Jun 24 4:00 PMEDT