His July 1 Twitter comment was: "1 Jul
Dirk Haussecker @RNAiAnalyst
Don't forget to add some $RXII in anticipation of next leg up. A few catalysts on horizon.
So, a few trades of one share each, and 2, 7 and 30-share trades. Trading in hundreths continues. A closing cross yesterday 2.5 cents below the last trade preceding trade just before the bell ( so after a few hundred thousand share trades pushed the stock up to 51.54-52.00 just before the bell, the closing cross comes in at .49 ( just like so many times in this stock). So then we start all over this morning at .49, and a half million shares buying thrusts us up to .54+, but then, small trades yank the price back down, the ask gets undercut by hundreths, etc.
Well, spoke too soon, I guess. Looks like trading also in a "parallel universe." Divorced from basic Nasdaq book.
So, now we have the answer? Being part of the Russell index is what drove the apparent " nonsensical" aspect of every trade: the moment to moment volatility, the trades of 1, 2, 20, 50 shares at hundreths, splitting bid and asks in hundreths, the lack of relationship of a trade to the previous posted bid and asks, the decrease in ask immediately following a trade at the ask? The stability, and slowness, of the last hour or two is unlike any similar period in many months. Perhaps I speak too soon, and that the Rrussell membership was not the controlling factor, but right now it appears that it is, and also that the opening 5-6 cent decline was a Russell rebalancing product. We'll see, but it may be the RXI I s a " safer" trade-- and investment!
Grab, yes I purchased nasdaq Bookviewer as well as imbalance indicator ( which, at least for yesterday's very high volume, was useless, as it revised itself every minute of the last ten up to the close, with the 3:53pm number, for instance, not the closing number). In any case, I find the Bookviewer wierd in relation to Rxi trading: you'd think the bid shown in Bookviewer would never be higher than bid shown in the streaming composites, but it sometimes is. Similarly, how can its posted ask be lower than the posted composite ask??
Grab, may I ask how this came to your attention, as I don't see it anywhere. That said, perhaps removal from ANY index can only help in moving us away from indexed trading and closer to trading specifically a product of interest or lack of interest in this individual company.
" the algorithms" you say, Shps. Whatever it is with this stock's trading ( in hundreths, mini trades of 2, 15, 20 shares at hundreths between posted bid and asks, immediate undercutting of asks by a hundreth, seeming disconnect between a given trade and the preceding posted bid and ask, and the unique phenomenon of a trade at the ask being immediately followed by a lower ( rather than higher) ask) it is unlike trading in most other stocks, whether under- or over $1. Something is very wrong and not transparent. This has typified RXI trading for many months. Whether it be robotic trades, high frequency, algorithmic, or market makers dealing not to keep the market orderly but, rather, to enhance their own stakes-- long or short--the process has become corrupted and disguised, if not plain dishonest.
So, Avi.morax/Mckiddn, how much were you paid yesterday for your countless bashes of this and other stocks? By the way, while you're talking of "so predictable" in regard to a " dump" today, how come you didn't predict any of RXI's rise from .34 to .62? You didn't get even one day of it? What, you don't get paid for accurate predictions, just the incessant bashing ones?
Bashing all day, every day, multiple boards and stocks, relentlessly. Bashing RXI all the way up, starting at .34.
"According to the latest information the short interest in RXi Pharmaceuticals Corporation plummeted by 7.1% or 252,673 shares. The final shorts are 10.2% of the total floated shares. The positions dropped from 3,544,708 shares on May 29,2015 to 3,292,035 on June 15,2015. According to the per-day average trading of 4,041,113 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th. "
And a short drop of 2+ cents to .4605 for a half a minute. Hey, what about the market maker's charge to " maintain an orderly market." Knock, knock, anyone home? Maybe the market maker was out in the back alley puffing on his E-Cig? How fabulous the Nasdaq listing is. Please don't delist us! Please.
God forbid the stock get's " delisted"! We might no longer enjoy this phenomenon.
Anytime you reply to a topic initiated by the basher aliases, you get them paid a little more. Start your own topic if yo wish to address them or their verbal diarrhea.
Reyes, I should add that Nasdaq over Otc membership is usually favored by those institutions who are interested and willing to invest in companies----indeed some will just not invest in otc companies. But, I think this once-hard rule has broken down somewhat. (And, in RXII's case, anyway, they just raise enough modest funds for a couple of years, which gives them time to get back on Nasdaq, should they so desire.)
Reyes, plenty of otc stock thrive today: they raise money, the trades as otcqb or qx are as transparent ( and usually much better than the hundreths-immersed trading we've seen for RXII), the reporting requirements and/or the voluntary info dissemination can be as fulsome, the actual blossoming of share price is not rare ( as, e.g.., those recently involved in TBUF know very well), otc companies are bought out as well, etc.
In the last years, with the development of otcqx and otcqb it's not the same as the old pure pink sheet opacity and shenanigans. Yes, there would be a knee-jerk decline in share price at such an announcement for RXI should it come to that, but within a couple of days, all things equal, price will resume its ascent.
Hey Avi, Mckiddn, isn't about 100 posts, across a few boards, all bashing, from you just today alone? "fact," right? And speaking of truth, tell us how much money you'd be paid for just today's negative harangues. Just the facts, please. No more lies.
Paid per repetitive post and reply. Yet, doesn't even rise to the level of prostitution, for there is no desperation, just greed.
And, of course, more than me. I have reviewed your suggested sources, but-- inadequate me--have not alighted on that link that provided closing cross that "early." Would be in your debt should you deign to provide it (as you can discern, I've been busy consuming a meal of humble pie that you've delivered me).