M.E.M.P.H.I.S.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
tough break here for longs. ill definitely revisit this around a buck
Danger of free flying drones:
This video pretty much sums it up...
as a reference point, the smallest mkt cap in the russell 3k is 177M
Am i correct in saying that it's a mystery as to how much frost has invested here?
my thought was that those 83K were the 80 some odd thousand that plunged the stock price yesterday around 10am, where they just got dumped at the bid instead. obviously not the case
Yea I'm pretty sure that's it... Nothing stops them from filing early tho, and it looks like some have.
True, but thats taking into account the forms filed for 1st quarter as well. If you sort the list by date, you'll see the forms filed as of 6/30. Those are what I was referring to
FYI, the first of the Form 13s have hit... ROX has a new holder. Very small position, and still early in the game in terms of reporting. They also had 1 sell, again small position. Net change is pocket change at +5,000 shares. Believe there are 2 weeks left to file.
Read more: http://www.nasdaq.com/symbol/rox/institutional-holdings#ixzz3gdmHggDI
Mkt cap now below 200M. Wonder what the lowest mkt cap was for russell inclusion this year.
I'd go lower than that at this point.
If you were watching the open there were 89k at the ask at 1.29
I'm sure they'll still be there if it ever chews through the 1.28
Wow 80k+ on the ask. Pallini?
agreed, if there is no change in share ownership, then there isn't much in the way of downside
IF
Unfortunately sarcasm doesn't translate well in text.
I was making a reply to what FUN had said. Was supposed to be in jest. I already stated last week that I was looking around 1.25 for reentry.
at least you'll know when I come stalking, as I did on ROX's last 2 trips under 1.00, that ROX is near a bottom.
i guess we got a few weeks to see...
Fun suggested the sub 1.00 pps. i was simply responding to that
a sub $1.00 pps may be enough to get me interested again here
After 1.25 i don't see much support until well under 1.00; somewhere in the 80s perhaps....
seems to me like there was someone exiting a large position today.
good analysis howard. i strongly agree with where you stand on this. its a real shame too, could we be looking at a "one and done" in terms of russell placement?
has Max sold? given up? is he ok?
this place is much quieter without him here
i would set up shop at around 1.25. i may even seek re-entry somewhere around there for a trade
To be fair, 4.7m shares at their base price is really just a lotto play for them...
how are them buzzbars?
Never.
Apple trading at .02 spread is a lot different than MSTX trading at a .02 spread. Bidders need to be much more aggressive with low volume stocks
But you're not understanding what im saying. An order placed at 9:45am can be broken up into several pieces and printed through the day. Ive had this happen often when bid sitting low volume stocks. Sometimes a 20,000 share order will take all day to fill. Whatever prints and where it prints is at the discretion of the computer receiving those orders.
And second, the orders print as the market computers deem fit. Trust me theres no one sitting at the controls ticking this up or down at the end of the day. The last 2 were at the ask, then the bid respectively.
I see several stocks print orders at 4:01 or 4:02 on a daily basis.
If you think that someone is responsible for "painting" this stock, up or down, then you have some work to do on understanding how market orders are handled.
These "paints" as you call them occur after 4pm (around 4:02 to be exact) and it is not possible to execute an order at that time. Look into the computer systems that handle trades, and the algorithms that control the stock market when volume is as non existent as it is right now, amd youll have a much better idea why this keeps happening.
Glad you touched on the biggest problem here. Can't cure the cancer when you don't remove the source.
Lol I think you meant zeros to heroes, no?
Allow me to expand on my response....
I feel your comparing MSTX to ACAD is a bit out of line.
First off, ACAD phase 3 trials were for Parkinson's which affected over a million people in the US, and more than 8 million people worldwide. Sickle cell disease affects 70,000 people in the US and approximately 2 million people worldwide.
So right there, you have a medicine for more than 12x the people in the US, where these stocks trade, and 4x more people worldwide.
In another aspect of these stocks, ACAD had an OS if less than 60m at the time of trial results. By the time Mast will supposedly report its results, they Will have nearly 3x the amount of shares in the market.
Not quite sure where you come up with your "95%" probability of positive statistical results, the data thus far he's been decent, but in no way indicates a "sure thing" as you are leading on.
To me, the numbers here just don't add up. If positive results are, as most people seem to think on this board and others, about 6 months away, then there would/should be much more action. The complete absence of insider buys reinforces that belief.
Names of "big boy" institutional players get thrown around here to try and drum up some hype, but again, at the current share structure and price, these numbers should be much higher if MSTX presented a good potential for payoff.
Best of luck to those invested here, but for any of you reading into MSTX and getting pie in the sky thoughts of an ACAD type run, or anything remotely close, will likely be severely disappointed in my opinion. Most will be lucky to break even.
Interesting first post on ihub. Are you long MSTX?
unfortunate side effect of being added to the russell is this will now move with the market.
Same number reported on nasdaq.com
Odd
stopped out, small loss. trades worse than my previous holding. best of luck
there's no way this volume was from A) a short or B) a large shareholder leaving. don't think anyone would short this on the day it gets opened up to an entire new audience of investors. and secondly, total institutional ownership was around half of today's volume. even if every single share held was sold, that would still put the daily volume at about 10x normal.
the most likely situation here was they disposed of most of/all the S3 shares and did so in a manner where whatever institutions wanted in, they pretty much got to name their price. do you see the 4.3m share transaction at 4:09? that's, in my opinion, the transaction which made up the S3 shares. Probably not all 1 investor, but a group of them bulked into 1 print. ROX would be downright dumb to not capitalize on what was essentially a "forced" purchase of their stock.
If you do the math... their 1.48 closing price yesterday at what we know was a 157.7 OS = 233.39 Mkt cap... and a 1.44 close at what we can assume is now a 162m OS (which is simply yesterdays OS + the 4.3m shares) = 233.3 mkt cap.
it makes sense.... to me anyway. if it was a bulk of the S3 shares that got sold, look for a likely black number on the upcoming quarterly report. An extra 6 or so million dollars should get them over the hump.
i guess the lesser likelihood (and we'll get confirmation of this monday) is an insider sell. But that wouldn't make much sense since they were all just granted options at 1.67 (i think that was the price... it was 1.60+)
anyhow, glad i made my move yesterday. if indeed shares were issued today that should put an overhang on price for a bit... may take til next ER to climb over 1.50 again.