As long as I have watched this company I have never known NASI to tip their hand in advance of earnings. Someone probably just decided they could use their money elsewhere the other day when it dropped. Not to worry, the long and the strong will win this one.
I'm not going to get into the details but it gives somebody the right to buy or sell a contract(100 shares) at a specific price at a given time. If they are not exercised, there is no impact on volume. If they are excercised, then the buy the stock at the previously agreed price. However, in most cases the people sell their shares immediately causing high volume on the third Friday of each month. Basically in doubles the transactions since there are two buys and sells. With the March meltdown poeple could have made $4-5 on a $1 investment.
I guess you don't know what the quiet period means!! Earnings right now are not a major factor. However, GE is in a massive PR program for PET and that could have some effect. It is a little early to start any advertising but some news about the testing, again, will be the major focus of the CC. MNTR said seed sales were up 2% so there shouldn't be a major surprise on sales either way. If they are proceeding according to the last CC, they could spend upwards of 3-3.5M on Apomate testing which would mean a loss but that should already been considered by the analysts.
What I meant was that NASI insiders don't seem to leak anything prior to the earnings release. Some companies seem to run up or down prior to earnings apparently based upon someone inside tipping off their friends. I have never seen that sort of activity related to NASI.