On Wednesday 8/7 when the market tanked and Credit Suiss downgraded OAKS on the same day they report a massive earnings beat. We saw the PPS tank from $13.80 down to $13.30
After the market begins to recover OAKS PPS heads on back up and gets to $13.50 steaming its way vack up.
Next we see all of a sudden a massive ASK order for 45,000 shares that basically halts the trading at which time the bid and ask remain the same for 10 minutes while no trades happen.
Next thing you know were immediately plunged down into the $13.20's and the massive ask order disappears from level II and no fill shows up in time and sales.
If that is not fishy I do not know what is.
If you referred to today, then the price range is in 12's, not 13's. I guess the drop today is due to downgrade from Credit Suiss, but I didn't see the news is listed here. Thanks for the info though.
My bad. Yes I meant the $12's not the $13's.