Odd's are you are very correct... I've been around the block before with these things. Something is no doubt up for them to sell $20ml worth of shares right before earnings because if earnings were to be a blow out and they are the only ones to this, there would be a heck of an increase in the PPS and they could get a lot more than just $10 bucks a share.
This play smells, it smells bad to. That's why I shorted it. If this purchase had occurred after earnings, I might have considered going long this AM in the pre-market.
In my opinion, this is a prop play to dampen something upcoming. Just my opinion and I always follow my gut feelings. Congrats to those who are short in the $13's here and seriously, I feel for those long up there. Good luck in someday getting your money back. I hate to see anyone loose money to the Street!!!!!
You are so on target; if earnings were good there is no way they would sell out for 10 bucks. Management knows that $10.00 represents a premium. 11, 12, or 13 is way overbought. She is going down for sure.