RE: Margin and RPRX
thanks for the answers. Both places were queried about why the increase in margin requirements for RPRX. Both places stated, by account exec's servicing high net worth accounts, mind you, that the increase was d/t, are you ready for this? "widening lossses"! LOL. Can you think of a dumber answer?
Anyways, I'm with you all on the volatility thing, although they might have a news watcher service and "be on the lookout" came up for the RPRX news due out tonight or early tomorrow. It doesn't appear to have forced any selling, but with the stock price up it might not.
Alternative theories are that FIDO wants shares, and cannot get them in the already oversubscribed offfering so maybe they're trying to shake them loose from their own clients. I'm not much into conspiracy theories myself, but it's been bandied about.
BTW the rise today give creedence to my oversub'ed theory.
I expect them to announce a price in the $13.50 range, and the shoe is full already. Also would be nice to see them announce hiring a banker to investigate and manage sale/partner androxal, as they announced they would a month ago.
