Less than 800K traded so far though. They are just picking their spots. The big buyers look like they are hanging back to see how low this will go or when they will stop selling into bid in order to bring it back up.

I get the feeling that NITE's seller is taking the offensive while he can to blunt the effects of a rally once the catalyst comes out. I think that by the end of the day we are back up in the mid 3's because it only takes a little more than 10 grand to buy out NITE on ask once the big buyers decide to hit back.