i think holding merq tonite is very risky. my first merq trade was back in april.....the day of their last report. i didn't even know they were reporting. they beat by a few pennies and raised guidance and it was off to the races. blind luck on my part. insti's hold 90% of the merq float. short interest went from 8 mil in april to 10 mil in june (about 12-13%).
if somehow merq suprises...it will go up/down and fast. just depends on your risk tolerance.