jta1980
I ran out of my postings (15 per day)...my observation is that there is NO WAY that Missling will let those options struck at $1.60 expire...he will most likely not want to miss the opportunity to have that as a cost basis, so by doing a cashless exercise he will be able to sell enough stock to pay the taxes and keep many or ALL of them if he wishes to pay the taxes himself.
The most important FACTOR today is that the $9 call strike option expiring today have been exercised for sure, as most firms do an automatic exercise of in the money calls...so it is possible that some of the late selling of shares had an effect on the closing price...it's too hard to assume that the breakout (intra day) was a false breakout since it occurred on expiration day on a wild volume and price day....it will shake out in a day or so, but my belief which is just my opinion is that the ledge or shelf of support will NOT be broken, but I have been wrong lots of times...let's see how this works out...
We will hear about Missling within 2 days of his action since he must follow the SEC rules of insider trading activity...so you and I and the investment community will all know about it quickly!
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