Haven't seen NITE as the axe for a long time like this. I have it on good authority that the action today has absolutely nothing to do with TCA Global. So, we're left to wonder what occurred. Only the sellers know why they decided to clean house a bit today. Lots of very green large positions are in EWSI. Maybe someone or a few folks decided to lighten up their positions for whatever reason. Folks could easily be getting frustrated at the lack of movement on superior business achievements such as 2TRG and a great Q3 and are freeing up some of their capital. Hard to say.
The only thing I'm positive about is that I have absolutely nothing for sale at current levels. I am still comfortable with my position moving forward as EWSI is growing their business ahead of projections. We do, however, need to see what 5M from TCA has cost us as shareholders.
Lets see what tomorrow brings. The 10 is still holding above the 50 on a daily!!