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Regenerx Biopharmaceuticals Inc. Message Board

  • fl_geezer fl_geezer Apr 30, 2013 9:58 AM Flag

    scare tactic ?

    E-Trade shows opening on a 500 share trade:
    0.0625 -0.025 (-28.57%) bid 0.0626 x1,500,000 ask 0.0875 x1,150,000 day's rng 0.0625 - 0.0625 sh traded 500

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    • All very stragnge to me. Why is NITE now showing bids and offers 1.1 million shares up? I have never seen that in RGRX ever. I'm wondering if someone got to NITE? In terms that I am sure they are short 2 plus million in the MM account, so they don't have to borrow or report to SEC. But, if RGRX trades average 35,000 a day, sometimes none, how can NITE justify being massively short in the course of "ordinary market making". That is a POSITION TRADE! there NO reason in ordinary market making to be short that much. SO? Maybe NITE realized it, so they have to justify their position and they have to show bids and offers that are consistent with the position they have. I.E., we bet they are short a helluva lot more that the 3,500 shares reported to SEC. So what NITE has to do is get sellers. Best way to coax sellers is to put up prints way down. Scare em'. I'm glad NITE is showing 1.1 million shares on offer side. Cuz' if there is news, this board will find it first!

0.405-0.008(-1.91%)May 27 3:55 PMEDT