Lacy,
Sorry but I have to disagree with you on this one.
I absolutely loved the trading today. HISC is consolidating nicely in this narrow trading window on very low volume. The MM's wanted to take it down back to .05 to help NITE cover but they gave up on it and NITE actually moved his bid up to .056...some of the trading at the end of the day included a 500,000 share trade at .057 and a 1,000,000 share trade at .056...NITE was probably the recipient of both of those trades. The MM's are quietly starting to cover IMO and as someone else mentioned it is all coming at the end of the day...more then 50% of today's volume was in the last hour as you can see on the time and sales listed below.
We know that the MM's are not short all 280 million...realistically it is probably more like 100 million that they are short. So as for the PPS I would not expect anything too big in the immediate future...the brick wall is up at .06 to keep us below the 200 day moving average, but there is also a brick wall of support at .05...I think we will be in this window (.05-.06) for the next few weeks as the MM's cover as much as they can...remember when we were stuck at .022-.024 for almost a month last June and then we shot up big time? I think the same thing could possibly be happening right now except that .05 will be the platform from which we lift off...
Time & Sales
Price Size Exch Time
0.056 200000 OTO 16:00:34
0.057 8000 OTO 15:58:19
0.057 51000 OTO 15:56:33
0.057 50000 OTO 15:55:27
0.058 50500 OTO 15:50:29
0.056 200000 OTO 15:40:29
0.057 22692 OTO 15:38:04
0.057 200000 OTO 15:38:01
0.056 1000000 OTO 15:36:24
0.057 500000 OTO 15:35:21
0.058 45000 OTO 15:34:02
0.057 500000 OTO 15:33:18
0.056 205000 OTO 15:32:32
0.057 20000 OTO 15:32:28
0.057 1000 OTO 15:32:15
0.056 5000 OTO 15:30:55
0.056 10000 OTO 15:18:56
0.057 10000 OTO 15:18:56
0.057 100000 OTO 15:08:22
0.057 100000 OTO 15:08:05
0.059 3000 OTO 15:05:35
0.057 6000 OTO 15:01:55
0.057 5000 OTO 14:50:48
0.056 5000 OTO 14:50:47
0.056 500 OTO 14:39:23
0.056 16000 OTO 14:38:42
0.057 900 OTO 14:27:09
0.056 30000 OTO 14:13:26
0.058 3250 OTO 14:12:54
0.056 3000 OTO 14:12:54
This might be why Baddog is working overtime right now...
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