NTEK longs there was no panic selling Friday. An update from the transfer agent as of Thursday indicates the outstanding remains unchanged at 127 million. The MM's process some 5.4 million in trades all but 39,000 shares are sells yet the price drop is tiny, less than 10%.
Wash trades to simulate panic selling I say for if it were real selling we would have gone to sub penny. Obviously there must be some huge buy orders sitting in the .02 area or they would have walked it down to a much lower price were those real sells. Drop some bunker busters on the shorts NTEK! GO NTEK!!!