is getting matched with a sell. Somebody is selling, and who knows how much or why. There may be some bad rumors spreading, bad news pending, or something else, but it's definitely a falling knife now.
Today kind of pissed me off. I hate tandem drops when everything drops and bounces at the same time. Since then today there have been several bounces, notably TEX and FEIC as well as OAKT, but I stayed out of each because the drops were so gradual. I prefer quick ones like RSTN this morning.
The patter is a crazy MM-institution compound mix. Owing to Nasdaq's double accounting practice, the reported volume so far is really not that big. Stock was knock down 30% by less than 2% of floating. OAKT is being played yet once again!
I bot 1000 share at 5.6. Even if they got bad news, stock is bound to bounce a point or more today. Oakt was holding well till this week, means business was doing fine. This selling might be force margin call variety.