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Re: None

Tuesday, 11/10/2009 12:00:20 PM

Tuesday, November 10, 2009 12:00:20 PM

Post# of 27466
Bear raid, plain, and simple. Sales going off at .18, well out of the money for most longs (18x5=.90 twenty cents below pre split EOD price). I have taken photos of my screen that show several trades exactly in the middle between bid, and ask, yet they are shown as sells.
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