Jade Art Group Inc (JADA)

[Headley Lamar]

Well, PERT is Pershing LLC. Pershing is a Market Maker for 7,500 stocks. My best guess is that the Pershing in the MM for JADA and their assessment of the implied volatility of this stock has increased drastically with earnings approaching, so they are deleveraging to manage the risk to an acceptable level for them. JADA is clearly a speculative stock, as there has been very little news to hint at what their earnings will look like.

Perhaps sitting on Millions upon Millions of shares with this level of volatility counters the MM's quantitative strategy.

All just an assumption.