I just looked at the NASDAQ after hours site and I only see 8249 shares traded. Where do you see the 500,000? THis might be about the deal that was prematurely announced July 2nd with Sanyo. From past announcements the stock never goes up when they make an aquisition so I expect the same to happen again. Now we will have to hope that they don't dilute us share holders more than we already are or this puppy will never make it past 6 bucks.
The key word is...INTEL. They blew out earnings and were up huge in after hours trading. How can a stock (ONNN) going up nearly 20 cents in after hours be a bad thing? Ridiculous, whoever posted this is a bad thing. Entire semiconductor sector will take off tomorrow, ONNN included.
This string of messages suggets to me posters have taken long positions without funds (only done with options) and like to short it as fast as they can. Reason for all this pump. A gap of 0.20c between ask and bid prices should be a concern of unstable volatality.