Anyone with L2 and a just a half decent set of eyes could see that every time NITE was getting bought up on the ASK NITE would UNDERCUT their own ASK and do so by throwing up a large block.Now what trader in their right mind would UNDERCUT his own ASK at the very same time it is being bought up.Trader through NITE did it time and time again headed into the close today and ETRF was the offender yesterday.
NITE was the ONLY market maker on the ASK asking below 0.0039...the ONLY ONE.The more mysterious question one should be asking themselves is why would someone take LESS THAN they are being offered and do so with such intensity.....answer....NO ONE UNDERCUTS their own ASK when it's being bought up unless their SHORT and trying to drive the PPS down and discourage ENTHUSIASTIC buyers.Once again I tell you it was a very bad decision and a miscalculation as to Mr. Carter and Mr. Ali's determination to bring shareholder value to ALL who have been patiently waiting.Be prepared............:-) :-) :-) :-) :-)
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