Replies to post #21507 on RespireRx Pharmaceuticals Inc (RSPI)

[jerrydylan]

We actually held in there better than 99% of all stocks till about 3 days ago, I think the selling today is probably the panic we'd avoided coupled with maybe a margin call where they had to sell something to pay the margin debt, so 25,000 shares took us to .41 intraday. Someone stole money on that trade, I mean a $20 million market cap? For drugs that obviously have efficasy? That is where Bill Gates get's a phone call. I am beginning to think a Depression is doable-you hear the fart Jack Welch say no way but the system is failing even in light of enormous monetary stimulus, meaning DEFLATION the likes the Powers that Be are completely in fear of, hence the $750 billion bailout. I see GE needing the US Govt. to float commercial paper.....that is bad and just what the Fed's want to forestall-if GE needs it , what's up with American Express, who needs $25 billion over the next year?. Wall Street cannot work in that environment.

[tonyvanw]

Smells like someone dumped shares without using a limit order - possibly a margin call.

I have bought some shares the last three days - unfortunately (as always it seems) at a much higher price.

[food4thought]

It was pleasantly surprising how well Cor was holding up in anticipation of a deal, but it appears now that optimistic exuberance from the RD results has left the building.

I'm sure everyone here is already well aware that the problem with Cor is that these constant delays between events continue to detract any momentum put in this stock by positive news. We continue to lower the sp basis, setting us up for minimal gains when solid developments occur. This is a pattern that will continue until Cor can string together a chorus of developments creating consistent positive pr with renewed interest thus sustaining high volume on an ever increasing share price. When and if this happens, Cor's share price will be less affected by these somewhat large block sells and can begin to create a firm floor. Without a more aggressive approach, one of which management probably has no control over, any chance of flipping this skid is going to be difficult over the next year.

Unless of course they get a real sweetheart of a deal very soon, this drift will continue and Cor will again have trouble breaching the $1 mark on a deal disclosure. Sad but probably true, handcuffing its large investors and adding more wait and see mentality.