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Thank you MattoRuu, I really appreciate the write up you did on this and in sharing it. I have been watching this stock for about 2 or so weeks now I think, just finally put my foot in earlier this week and staked a claim of being long here.
Thanks! I guess we can thank them for the closing .31 price then. We need to have things like that happen more often. :)
Market On Close Buy Imbalance Question....
On my E*Trade system a news report was issued @ 15:40:13 from DOWJONES saying "Market On Close Buy Imbalance: Shares 247300"
Has anyone heard of this and knows what it means - I am guessing there was an out of balance some where an had to report it some how? The number of shares they stated is equal to that final sale for end of day with the price of .31.
Monday is a Federal Holiday.. so we will have to wait until Tuesday to see how it opens :)
I will say I was a little surprised I could not get a sell accomplished at one point. There were two different exhanges that were looking to buy @.30 for 47K and another looking for 40K I think it was on the second.
I thought I would sell @.30 about 50K shares that I purchased in the low .29, and maybe pick up some more if it drops back down into the low .29a. My sell order sat in the queue for about a minute... waiting... waiting... nothing happening yet these two exchanges were still looking to buy over 80K total as I was looking at level II and still waiting.
My sell order never did get executed so I ended up just cancelling the order. Maybe that was a Godsend, not sure yet, but it did make me wonder if those two exchanges were actually looking to buy or just making it appear that way.
Laffs.... so true
Not to evaluate it in two weeks, but to be able to be in there and maybe be able to find out more over time and help Icahn no if this is where he wants to be. I honestly really don't know, but just a guess in that part on a reason to have an MD officer on the board for him.
Zigzagman, Do you think looking at the results to the very one minute level can skew the results for the day? Also with the market down as it is today due to China and such, could this also affect it versus looking at it say over a weeks time?
I have noticed another stock I have been dealing with lately is reflecting very low volume today. The price is down a little and the trading volume is probably about 1/5 to 1/4 of what it normally has been lately.
Janet, yes I do remember those Sec announcements coming out. It created quite a discussion on this board.
I can possibly see why he wants to get his MD on board here, for a couple of different reasons. I am sure it would help him better evaluate what is happening there and the products possibly depending on who much information is available to him.
I was wondering if part of the promotions was to be more in line with levels that some other companies have, but to be honest I really did not look much into any of that, but did take notice, with several thoughts on why they did what they did.
Look back at November and maybe the first past of December. I think you will find about the same thing happening... staying pretty flat for a while.
Andd yes I am like you in that I would love for it to move more up, even if just a lil each day. I feel like I am watching the same old movie day after day.
I would love to see where they have finally submitted the ANX-514 NDA I think it is to the FDA.
StreetInsider.com Press Release
http://www.streetinsider.com/Press+Releases/Biopharma+Stock+Alert+for+ADVENTRX+Pharmaceuticals+Inc.+Issued+by+Beacon+Equity/5337121.html
Biopharma Stock Alert for ADVENTRX Pharmaceuticals Inc. Issued by Beacon Equity
February 12, 2010 6:50 AM EST
DALLAS, Feb. 12, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring ADVENTRX Pharmaceuticals Inc. (AMEX: ANX). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/ANX
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
ADVENTRX Pharmaceuticals Inc. (ANX) is a development-stage biopharmaceutical company. The Company's business is focused on in-licensing, developing and commercializing product candidates for the treatment of cancer. ANX is focused primarily on evaluating strategic options, including the sale or exclusive license of one or more of its product candidate programs, a strategic business merger and other similar transactions. Its wholly owned subsidiaries include SD Pharmaceuticals Inc. (SDP) and ADVENTRX (Europe) Ltd.
Message Board Search for ANX: http://www.boardcentral.com/boards/ANX
In the report, the analyst notes:
"For the three months ended September 30, 2009, ANX's net loss applicable to common stock was $2.7 million, or $0.02 per share, compared with a net loss applicable to common stock of $6.8 million, or $0.08 per share, for the comparable period in 2008. Included in the net loss applicable to common stock for the 2009 third quarter was a non-cash deemed dividend expense of $0.4 million incurred in connection with the Company's July and August 2009 equity financings.
"ANX earlier this week announced that, effective immediately, Brian M. Culley, previously the Company's chief business officer and a senior vice president, will serve as its CEO and Patrick L. Keran, previously the Company's general counsel, will serve as its president and COO. Keran also will continue to serve as the Company's secretary and principal financial and accounting officer."
To read the entire report visit: http://www.beaconequity.com/i/ANX
See what investors are saying about ANX at penny stock forum
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CONTACT: Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com
stoploss, let me read what the sec doc says.
I am not always the best at understanding them all but will let you know what I believe it is saying if someone does not beat me to it here.
Here is what I walked away in looking at it initially and doing a Google search on what that form is used for. As I take away from it, they are basically consolidating all of the company changes that have been reported from various prior filings recently. I did not notice anything new right off in giving it a skim over.
From AdventRX website. Look for 2/11/10 item on page: http://ir.adventrx.com/phoenix.zhtml?c=75414&p=irol-sec
I looked up to see what the form was meant for when it is filed with the Security Exchange Office. Here is what I found on the web:
http://www.investopedia.com/terms/s/sec-form-424b3.asp
What Does SEC Form 424B3 Mean?
The prospectus form that a company is required to file, detailing the information that created a significant change from previously-supplied information provided in the company's prior prospectus filed with the SEC. Companies are required to file prospectus form 424B3 in accordance with Rule 424(b)(3) of the Securities Exchange Act of 1933.
Investopedia explains SEC Form 424B3
The Securities Exchange Act of 1933 was created to help investors make informed decisions by requiring securities issuers to complete and file registration statements (including financial and material information) with the SEC before making an issue available for purchase by the public. Often, registration statements filings required under the Securities Exchange Act of 1933 are also registration statements under the Investment Company Act of 1940.
And 12/24 was a half day of trading only due to the holiday.
Breaking the Stop Limits
Looks like to me that they keep testing the next stop sell limit levels, looking like they are set about .05 apart here. Each time they push it down fast it causes the stop limits to execute collecting up about 30k or 40K each time it appears to me, then pops back up a little after they execute.
Comments on your post Zigzagman...
I am not sure if we will be falling below .29 as the MMs seem to want to keep it above their lately. It could be possible that they may push it down for reasons you said, but I am feeling that they may actually want it pushed up a lil again today to .30 to .31 again. They seemed to let it pop up and slide down a second time yesterday, and they may want it to happen today again to get more activity.
Actually I think if they let it rise to .32 to .33 that they will get a lot more people involved overall then dropping it and setting off any sell orders. I could see this happening later in the week or first of next week. (I Just realized next Monday is a holiday so no trading will occur, so this may keep things to just a steady level for now until after the holiday.) Just my thought at the moment.
I have not watched this board too much today as I have been doing some day trading on another stock this morning from where I picked up shares in the afterhours just before 8 pm closing. I played those off just after market opening, and now I am on a second round with the same company looking to take in a few extra $$ again.
I do not think that AdventRX or any other institution was selling shares yesterday. I think what we were seeing, as I never noticed before, was normal trading on those type or block trades.
Float meaning.
Hello frdmlover, I am posting a few links here that may help answer your question about the "float" and it's meaning.
In short, it is the number of shares of stock that can be freely traded on the company. When they refer to "freely traded", they are refering to stock that is NOT restricted (such as held by institutions or other owners totalling more than 5% of the company, restricted shares and insider holdings). So any shares that are held by you, me, your friends, etc. would be considerd part of the "float".
These links can maybe help explain more of what you are looking for. I hope they help answer your questions. If not, please post back here with what we can help with.
http://www.davemanuel.com/2008/02/06/what-is-a-stocks-float-and-why-is-it-important/
http://www.investopedia.com/terms/f/float.asp
http://www.investopedia.com/articles/basics/03/030703.asp
I hope these help. If you need more information, Googling can be a good way to find out information. I did a Google on "stock float" to find the links above.
Congrats Zig...
I have to say tears came to my eyes in reading you becoming a mod on here. I am just now trying to figure out why I have these tears... for being happy on your promotion... or maybe a fear of your promotion with the additional power you now pocess.... laffs....just kidding... congrats again!
Thanks for the info Zig.
I would expect the latest one out any day now.
Sorry Board Members.
I was mentioning a concern I seemed to have had today in seeing a lot of large block shares being executed today. Being on the sick side today it probably made me worry more than most days on a time I may wonder about something. And for that I am sorry to bring the concern to the board before doing more research.
I decided to look back over the last month looking at different days to see if this same thing was happening before. As I looked I would see the same type of large blocks and number of them being bought and sold - no different today than any other day.
Sorry for not thinking right and not doing the research today before I posted anything on here. I did not mean to worry anyone and if I had, then I am truly sorry.
As for this stock, I have been in this since December. I have done day trading on it in my early days, and have been playing it long for a while now. I will at times on a large rise, sell some of my stock, and then if it falls back down I will rebuy those shares back, kind of like cost averaging my shares down while still holding them.
And thank you Zig for the video you made up for us today.
Good afternoon, Janet
Thank you for your thoughts. I noticed that also, which was giving me a lil comfort. I was just wondering if this was a controlled push down to accumulate, and then push up and pull back to make it look appear to traders to sell while they can on it being up and falling somewhat to accumulate more.
So hard to tell what goes on here at the moment...but not feeling well does not help also in looking at this today.
Thanks again, Janet.
About 75% of Volume are Block Trades.
About 75% of today's volume are executed through block trades, and that is causing the volume to have already exceeded yesterday's full day low volume number.
After the price jump and now slide again, we have 235 Block Trades totalling 4,939,508 shares out of 6,918,549 shares total.
This is making me nervous, I do not know what to think about this. If the run up went above .31 and stayed there than I would feel better, but sliding right back down again from where we started the day and seeing alot more block trades? I hope it is some institution collecting more shares by running it up and then letting it slide to have people feel it is falling due to problems and collect those shares up.
I am not trying to scare anyone with this post, but more rambling as I try to gather my thoughts, and who knows someone may help me put it to ease today.
Oh if I could only see the future.... laffs.... still holding long here.
I don't think the insiders know anything about that information yet, but I guess it could happen if one knows someone on the inside but does not disclose it.
I have been checking the FDA site and so far have not seen anything, assuming I would be able to at some point.
If the large block trades continue and the price continues to rise, then I would feel ok.
I see more large block trades as it rose up again and as they are trading it is slowly slide again - although it goes up and down a little. I just hope that it was not a push up in order to rise the price on selling more large blocks. Would be nice to know who is buying/selling. Been looking at any Sec information to see if anything is being reported.. seeing nothing reported yet if it deals with AdventRX selling shares.
I will feel better if we can get back to .32 and hold that level.
Laffs... I look away for 2 minutes ....
I see it jump as you said.
Maybe I am looking at this wrong...
I agree it is probably institutional in some aspect. I just can not tell if they are buying or dumping. My initial thought in seeing the large sell orders, sometimes large buy orders, I wonder who or whom all is doing what - getting in or getting out.
I would be surprised to see them getting out, but with talk about the market still in a downward correction, then maybe someone wants to get out and hold cash. So hard to tell.
If they are tiptoeing around and trying to accumulate and not create any notice, then why would I be seeing all of these large orders and the price dropping after the large executions?
Sorry, my realtime has been a long week already for me so I may not be thinking/looking at this properly.
If I remember right, the last two days creaped downward to .29 each day and it looks like we are repeating that again today, and my feeling going into the .28s
I just saw some trades occur for large blocks that went for less than asking price.
Wonder if this is the 10th Financing Stage?
I wonder with all of the large block shares being traded over yesterday and today (maybe even be earlier) is AdventRX way of completeing off the 10th Finiancing?
Almost all of the shares so far traded today that I can tell are coming from these very large block trades. Of the 1,929,350 traded, 1,159,271 were from these large block trades.
So far .35 is the low Asking Price.
Hopefully this is a sign that things are looking good today. Althogh only 2 exchanges are open at this time that I can see, ARCA (low ask .35) and NASDAQ (low ask .52), we will wait and see how the others position themselves at 8 AM ET.
Until the Fed Gov Reopens, I don't think it can be rescheduled.
They are also closed on Wednesday as I last heard.
Thanks zigzagman.
I was thinking we were going to end flat or maybe a hair red, and yes I am sure a fluke in how we ended.
I was hoping it was an accumulation, but it was hard for me to even tell in how things were going.
Thanks for all of your information on this site.
Afterhours Bid/Ask .31/.315
9000, 19500 and 35000 shares purchased at .31.
I think that about this time in where the stock price is sitting, that we are not going to see alot of people selling there stock at this (what I feel is) low price. It could happen, but I just can not see this stock falling back below .29 any more. In fact I think about the only way to get any real movement in this is that it has to be around .32+ and even at .32 I think the volume may be low still. Just my initial thoughts tonight on this one.
My one concern is that I was seeing these large trades occurring and it appears the pps was either steady or would keep falling gradually... so my initial thought was accumulation while it was holding pretty flat. But when I was seeing the continuing large orders as it was falling, then I wondered if an institution was selling.
Still I have not seen a very very large number of large blocks (10,000 to 20,000 and even a 90,000 & 100,000 trade) being done like this before. If I had, I did not really pay attention to it until now.
We shall see what happens tomorrow morning on opening. It was nice to see the day end as it did, although it seems a bit odd. Still I will take it.
My last thought on this is with it being this close to the FDA saying anything, I would not expect many would want to sell.
ADF Information:
I was curious what the ADF exchange was so did a quick Google on it.
From what I could see in looking at Level II executions, the prices being executed are from the Bid and Sell side, yet I do not see those large volumes being listed at all in the Level II bid listing, hence maybe the reason for what I reflect below. Still not sure how to take the trade executions.
It was interesting to see this in the information: Three sided transactions as a single transaction report, while protecting the underlying clients' confidentiality.
http://www.finra.org/Industry/Compliance/MarketTransparency/ADF/Participants/p005700
Alternative Display Facility (ADF) Fact Sheet*The Alternative Display Facility (ADF) is a facility for posting quotes, and reporting and comparing trades. All Financial Industry Regulatory Authority, Inc. (FINRA) members are eligible to participate in ADF. This document outlines the system's key characteristics.
Liquidity Access
Participants will have access to liquidity through the ADF and will be able to trade:
Nasdaq, New York Stock Exchange (NYSE), and American Stock Exchange (AMEX) equity securities with all other ADF participants, subject to ADF rules.
Eligible Intermarket Trading System (ITS) securities with ITS market makers on exchanges, subject to ITS rules (requires optional registration as an ITS market maker in the ADF).
Key Features
ADF is designed to handle Nasdaq, NYSE, and AMEX equity securities. Major functionality includes:
Quote processing, display, and distribution
Trade report handling, display, and distribution
Trade comparison
ITS quoting, order routing, and execution
ADF will not provide order routing and execution systems (except through ITS). ADF participants must privately provide automated linkage for order routing and execution to other participants.
ADF operations will include the processing of:
Three sided transactions as a single transaction report, while protecting the underlying clients' confidentiality
Automated Give Up processing
Locked in Trade Submission to DTCC
The ADF will operate from 8:00 a.m. to 6:30 p.m., Eastern Time (it will support pre-opening and after-hours trading). Initial trading rules will be similar to those adopted by Nasdaq.
Market Data
For ADF activity, all quotes and trading activity including last sale, daily high and low, and the difference from the previous day close and volume for each issue will be distributed to ADF participants.
An ADF Best Bid or Offer (ABBO) and an ITS ABBO will be distributed daily to ADF participants.
All ADF market data will be available for purchase by vendors and the public through the UTP and CQS/ CTA.
--------------------------------------------------------------------------------
* ADF plans, rules, features, and functions are all subject to Securities and Exchange Commission approval. All representations in this and other documents describing ADF may change as a result of the regulatory review process.
Continuing to see LARGE Blocks on ADF exchange.
Most shares at 10,000 or greater being executed. I can not tell if they are dumping or buying up large blocks at this time. If anyone has time and can tell, I would be curious to hear what you find out.
Thanks!
Anyone seeing A LOT of large block sells?
Many blocks of between 10000 and 20000 being executed, pps around .3043? They are executing on the ADF exchange. And I mean alot of them. I am counting somewhere between 50 and 60 executions so far.
If I was to average the executions of 15,000 shares @ 60 executions, we are looking at around 900,000 shares being traded in these large blocks in a short time.
If we can hold this current level this morning, then I would not be surprised that we could push up further back into the .84+ range in the afternoon, possibly back to the .90 level in pre-opening hours.
If this should turn south, then I would expect it to settle around where it closed yesterday, maybe a few cents higher.
Just my initial thoughts on seeing how it is trading so far this morning.
My understanding is that AMEX is going to allow this stock to trade on their exchange until the FDA NDA review is over. Then based upon the outcome it may or may not be delisted.
Also a Reverse Stock Split can help bring the PPS value up, which could happen here as well if required and needed.
Thanks for posting 8K info