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Re: Will99 post# 125885

Thursday, 12/09/2004 5:49:11 PM

Thursday, December 09, 2004 5:49:11 PM

Post# of 358440
That is bogus. The run started long before the MM's started leaving the bid.

I haven't seen such a panic on no news in long time. This was orchestrated by someone, either a MM or someone that wanted to generate abunch of low priced shares to cover with.

If all the shares that were traded with NITE as the only MM on the bid actually went to NITE, then they took close to 15 Billion shares today. That had to be a cover or one hell of an inventory buildup.

I bought 10 mil at .0001 via Ameritrade. The order sat out there over 2 hours before it filled.

The good news is that unless the co goes BK the price can't get any lower. At 40 billiom shares traded we only moved 5% of the OS shares.

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