Wednesday, July 13, 2011 4:24:23 PM
Remember, Standard MM practice is to sell short into any rally, then when the rally is out a steam (or he has stopped it because he has enough shares), then cover (usually over a larger stretch of time)as the price comes back down.
NITE is the most aggressive at it, and has a hefty piggybank to play with. 700k sold in the last 35 minutes, almost all by him, taking PPS from HOD to close to LOD, DOES NOT REPRESENT MARKET SENTIMENT OR COMPANY FUNDAMENTALS.
I will trust my own DD into a solid, profit generating and fast expanding company and hold / add on pullbacks for this one.
Good Luck to ALL
hydro
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