Thursday, July 12, 2007 10:58:18 PM
In other words, they have today to cover the short from 3 days ago. They short more at .011, cover the .007 short at mid .009s today. In the hole by .002. NITE keeps working the spread day by day until they make up the difference and at least nets even on the whole thing.
Couple of things can happen:
Flippers become non-flippers and wait three or more days to see what happens.
Tom gives them the finger with another PR.
They continue to manipulate trades until they net even.
Shameful and blatant it is, to see this happen day in and day out. Anyone watching level 2 can see it. Why the SEC cannot cure it I do not know.
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