Noticed that an earlier poster (durante,jack)put in a link to nasdaq pre-market activity.
Been watching pre-market and had considered a buy-in; however, not the robust activity one might expect. Only 3,320 shares traded . . . Currently my Scottrade shows the "ask" already down to $5.99/share.
Maybe that will change? Or, to what degree was a "yes" vote already priced in? Classic case of buy the rumour and sell the news?
I agree a NO vote was expected by the markets. Given the fact that most ltl truckers file for bk over the weekend when their rolling stock is in the barn, my guess is the "smart" money was betting heavily on a negative outcome. For them it was the smart thing to do.
Indeed, the NO-vote is priced in.
The only traders who stayed in over the weekend were the ones that bought at higher levels in the past and the ones that got in for a 50/50 gamble. Almost no institutions are in at the moment too, but they will get back in soon.
So expect some crazy movement if you ask me.
If you want to get in or want to buy more, I would try to be standing first at the fence. When that fence opens, oh boy...