Since we already saw the recent activity in the $18's and have even been in very much lower territory with many trading range movements, we have not seen any attractive reasoning to take on additional pre-option trades since. We are letting the option expiration activity play out while holding only a minimal core position throughout it. Though seemingly attractive price dips have occurred that at times were valid trades at times presenting a profit, risk reward has been deemed too risk weighted short term. All future activity short term was predicted as too post option expiration critical. This has been an acceptable strategy.
Going forward, regardless of short/long trend information which is not considered as a benchmark, the price is seen as capable of falling further to below $16 for at least a brief period lacking any news before the May expirations that otherwise could normally cause the monthly expected price rise recovery to occur.
This is a day to day almost hour by hour wait and see before even trading at this time with a reduced sell target on the core position despite some recently publicized nonfinancial minor positives regarding NOOK LLC initiatives..
The core position mentioned, not normally available for sale on the market on a daily basis due to the possibility of an upcoming press release triggering a short squeeze, are at this time available for sale at a reduced limit target without regard for upside risk.