Dont discount the intelligence of iGlow or the rest of those on iLie. They are sophisticated and know EXACTLY what they are doing and what their role is. They do not need to be right and pride is NOT at stake. Their role it to inject volatility so MM can move price up or down and maximize gain on conversions with stocks with toxic debt. You just dont see this level/ type of bashing/harassment or the sophistication of coordinated attacks on stocks with no toxic debt. Right now, they are trying to "shame" mgmt into releasing financials so they can continue to convert and in conjunction - trying to cause investors to "give up" by instilling enough doubt as thenprice slides to get them to sell. Thought being - if price dips enough, it might force mgmt to file to save face. However, it more than likely isnt going to work since mgmt has made it clear they are taking the fight to them.
What i am trying to figure is where the big sells/sellers are coming from with NITE. if you had that big of a position - you should have known this was a longer term proposition for a return and there were going to be roadblocks and a lot of volatility.
FINRA #'s remain high on a %basis but at a certain point MMs have to be really careful of a squeeze and a runaway stock price. They have to understand at this juncture that the company IS expanding IS generating revenuez with SMS models and dealer networks. When that news becomes more obvious to the masses - there will be a run as there are a lot of traders following the stock and waiting to "get in" once it starts moving again. So - why sell now...? Some of the selling is shorting but at least a third of it is someone liquidating (or so it seems to me)
What i am trying to figure is where the big sells/sellers are coming from with NITE. if you had that big of a position - you should have known this was a longer term proposition for a return and there were going to be roadblocks and a lot of volatility.
FINRA #'s remain high on a %basis but at a certain point MMs have to be really careful of a squeeze and a runaway stock price. They have to understand at this juncture that the company IS expanding IS generating revenuez with SMS models and dealer networks. When that news becomes more obvious to the masses - there will be a run as there are a lot of traders following the stock and waiting to "get in" once it starts moving again. So - why sell now...? Some of the selling is shorting but at least a third of it is someone liquidating (or so it seems to me)
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