I expect to see more high volume days. The next 7 weeks are tax loss selling season. Every share of RGRX is a loss. The S&P is up about 21% for 2013……folks will book profits and search for losers to shelter…so expect more to come. The main MM, NITE, will enjoy it….as I'm quite sure they have a couple million short position. They aren't reporting it… claiming a MM short exemption. But just look at the SHO figures last couple years..someone is short 2-3 million. So look for the MM to try and get as many real lowball prints up…….which they hope will bring on more forced tax selling..and they'll take it in.
I was hoping to be done with this by end of 2013.But they keep dragging it one. Doesn't matter at this point. ride it to zero ..or survival.