Not to be contentious, but the MM's don'r run the market. Long ago, the market changed in many meaningful ways. People spent billions of dollars drilling through hills to get a straight line so their fat pipes could get their trades to the exchanges a nanosecond faster than the next guy. We went from trading fractions to decimals. One needs to think hard about that one. And then there became the thing called Direct Market Access(DMA). DMA was where a MM would "rent" his identity to anybody who could pay the rent. Hence, some hedgefund, or cabal of such, could represent that they were acting as a MM.
You have to go back to when MM's made money by the spread of the bid and ask. That went out the door when decimal trading took the stage. And then, one must ask oneself why would MM's want to make it easier for shorts to cover than to lose. What's in it for them?
Bottom line, it's not the MMs anymore. It's the algo trading machines who can, via DMA, appear to be MM's. This not a marketplace of people anymore, and it hasn't been for a long time.
That's the bad news. The good news is that anybody who, shall we say, is a minnow in this sea of sharks, and can still make a buck, is some kind of hero. The odds, courtesy of the SEC and FINRA and CONgress, are stacked against us. If we manage to prevail, we are, IMO, Super Heroes. FWIW
Again with the "on September 5." 9/5 is a Saturday. 9/7 is Labor Day, it's a 3-day holiday weekend already over here let me tell you (bada bing bada bang). There will either be a determination on Friday, 9/4, or on Tuesday, 9/8.
Ain't nobody in the gummint going to work on a Saturday, let alone a Saturday that kicks off a 3-day weekend.
I must be a freakin' genius as I am the only one who has noted this goofball date and commented on it (more than twice). Or....maybe in this whole wide world, I am the only one who possesses a calendar (or looks at it).
Yes, and I give silverplatinum credit for being well informed on this subject. He said Rayaldee is not intended to prevent dialysis. And so nobody claimed it was so intended..........so far.
Thing is......maybe it might.
Aside from being administered by IV vs a pill? Well, there's this:
"Sensipar is not indicated for use in adult patients with CKD who are not on dialysis because of an increased risk of hypocalcemia. "
Suggest you actually read the thread to which you reply. 7 hours ago I said that it appears likely that Rayaldee has been fast tracked.
Yep. It only takes a minute or two to get a sense of what somebody is all about. And when somebody has nothing but bad to say about a stock, company, or somebody who is long, it doesn't take a genius to see a basher/trasher/troll. And when that somebody makes one or two positive sounding blurbs, that is no reason to think they have changed their stripes.
Here's a far out notion for all to consider. If by some strange circumstances that I can't even imagine, I became disillusioned with OPK, I would sell and move on to the next bus coming down the road. Why would I, having moved my capital on, still haunt the stock?
Well, there is a possible explanation or two: I could be short, or I could never have been long and paid by, or part of, a shorting cabal.
It seems somehow disheartening to me that I should even have to explain this stuff. It appears I can't blame Global Warming, so I figure it is what we now laughingly refer to as our educational system.
Let me guess. Splat still refers to himself as a short, and worse, Boz.
You have been a hapless respondent to this turkey who has been banned long ago, by most serious people here, the the well deserved ignore bin.
And if he is still claiming to be Boz, his boz was once a minor speaker at one of those group think things they call by some special name meaning to create wisdom. Since then, it appears that his hero has gone long on OPK to the tune of over 380K shares (if I recall).
look, there is nothing you or anybody can do by engaging the likes of this troll. But there is something you can do........starve the SOB by not giving him thumbs, and more importantly, not trying to refute his nonsense.
Starvation is a cure for pests. And one starves a pest by ignoring the pest. And here's the kicker........if you don't starve the pest, you are feeding the pest.
Glad you asked that question. This is what the July 28 PR said:
"OPKO expects written notification of NDA acceptance along with the Prescription Drug User Fee Act (PDUFA) date in the FDA's 74-Day letter, which the Company expects to receive by mid-August 2015."
And this is what Dr. Frost wrote in his letter to shareholders (thx to onefreetrajectory for pointing this out):
"In late July, we announced that the U.S. Food and Drug Administration (FDA) had accepted our New Drug Application (NDA) for Rayaldee™ for full review and set a Prescription Drug User Fee Act (PDUFA) target date of March 29, 2016."
Seems Dr. Frost skipped the part where he mentions receiving the 74day letter. It would also appear that the FDA decided to go with the accelerated review as their guidelines provide for a 6 month review or a 10 month review.
First you warn of a violent sell off. Then you fire up your algo and cause a violent sell off.
JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday
The story appeared at 14:20 just minutes ago, and viola!
As far as options go, they are payable directly to him, therefore, he reflects that fact on the Form 4 as shares held Directly. Currently, he owns 3,068,951 shares Directly. That would be the number of shares he has acquired via awarded options.
He has bought 45,397,387 shares on the open market subsequent to doing the reverse merger with the nearly defunct EXEG.OB. Upon doing the deal, he started out with approx 36.5M shares plus some portion of 15M shares held by the Frost Group LLC. There have been some options, some warrants, some shares from conversion of notes, and some discounted shares for cash infusions in the early going. He also did several private transactions taking on large chunks with ex-EXEG insiders and/or related parties.
If 74 days means 74 working days, then they have until 9/14/15. I don't know if it is working days, but that would probably make sense.
You know, I think the reason you get push back on these observations is your terminology and nothing more than that. It is not "short interest" as it is commonly known, rather short volume. The breakout of trading yesterday was 44% of the trades were short sells, and 56% were long buys (as marked as such by the shops reporting to FINRA). And today it was the reverse.
Well, given the nature of the neighborhood, you might get push back if you said the sky was blue.
Did you ever wonder why they picked a Saturday? Not only a Saturday, but one that begins a 3-day weekend?
Been fishing. So, yes indeed. Hsiao now owns 31,208,437 shares plus some portion of the 20,091,062 held by the Frost Group LLC.
OPKO Health to Be Present at the Barrington Research Fall Investment Conference
OPKO Health, Inc. (NYSE:OPK) today announced that senior management will attend the Barrington Research Fall Investment Conference on Tuesday, September 1, 2015 in Chicago and will be available for one on one meetings.