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Re: mathias1 post# 6284

Tuesday, 04/17/2007 1:55:23 PM

Tuesday, April 17, 2007 1:55:23 PM

Post# of 130180
Bid .037 Ask .043 Nite giving class in MM tactics!

Nite was on the offer/ask selling shares all the way up to .05 yesterday and this morning and now is the only MM on the bid at .037. Nite not on the ask just the bid.

Appears first Nite shorted trying to dry up the buying and now is sitting on the bid covering his short position. Why would Nite cover a short here unless it's going higher?