John...
I spoke to Greg early this morning when there were about 300,000 shares traded. He told me that if I looked at a Level II up to that time, I would see that Knight was the large seller. I am sure that there were plenty of other sellers with almost 1 million shares traded. A lot of panic sellers. But Knight has done this in the past, and as long as they can get away with it, will continue to do it.
They cannot have my shares. I imagine they will be buying at or near these prices and then selling when the stock gets back up there, and then shorting again. But there will be a time when the investors get smart and realize what a great company we have, the fundamentals gt stronger as does the client list. At that time, there will not be a run for the door. Instead, buying will come in and Knight will leave to find newer pastures.
It seems that Knight has a reputation for doing this with small companies. Wish there was something that could be done about this, but for now, there is none that I know about. I assume you did what I did, added to your position. At these prices, I could not afford to pass up the opportunity. After all, my average is still around .50 ... need to get it down. |
