The high frequency traders are having a field day today in this stock. It's amazing that a stock that is 93% owned by institutions has so many trades of 100 shares cross the tape. I have a level 2 system and it blows my mind the way these traders scramble the bid and ask on this stock. They pulled the same thing yesterday. It will be very interesting to see the earnings this PM and to figure out the correlation between these results and the HFT activity that has been going on for the last couple of days!
what exactly are they doing with the HFT?. it is trending up a little and that seems to be how the business will turn up. they are firing and hiring so i guess business is reasonable. i dont think anything fundamental has changed and their business will go up steadily because they are making sensible deals.