Tuesday, November 10, 2009 12:00:20 PM
Not the case at this very moment, but NITE was sitting on both bid, and ask, selling to themselves, most of the morning. Either Short selling, or someone important wants in cheap before 10Q.
Looks like a head fake to me, I believe most longs are holding through EOY, for "off the hook","record" Q4 (quotes from CEO Frank Drechsler, during recent phone call conversation). Could be some trading in and out to accumulate more shares, but at this price, should be more buying than selling. Selling should have taken place at .25, or above, not down here. JMHO,
SpongeBath
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