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Regenerx Biopharmaceuticals Inc. Message Board

  • bocamp1 bocamp1 Apr 23, 2013 9:22 AM Flag

    Yesterday

    Low volume day of just 24k traded. In the morning a 20k bid showed up at .07. Now, finra is showing 21k was shorted so we know that that bid was hit by mm shorting. No longs taking tax loses sno. Its way too early for that and every year those wanting losses have done so. I say none are left here motivated by tax lossed now, they are long gone.
    MM is just shorting blindly based on cash position here. They have % on their side, as most bio's in this situation don't make it. Is rgrx an outlier? Any good news and short will have a real problem. Come one Fink, lets see it.

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    • There will be sellers, bo..how else can you explain that print at 4.5 cents for something like 150,000 shares a few days ago, That was a seller not a short. But I agree with you that the MM is shorting RGRX with the bet it is going bankrupt. And the fact that he shorted to the bid of 21,000 is proof. It is also proof that since the short interest reported by SEC is around 9,000 only..that the MM is parking his short in his MARKEt maker account. That means he does not have to report shorted shares, no does he have to borrow. But the MM is breaking the rules. A MM CANNOT position trade a short and exempt himself from reporting.. if he POSITION trades a short it must be taken out of the MM account. I bet he is short 2-3 million RGRX as a POSITION trade. FINRA stats clue me so.

 
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