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Perficient Inc. Message Board

  • guido_xiii guido_xiii Feb 20, 2008 3:48 PM Flag

    Big seller

    There is at least one big seller killing this stock. The market maker handling the sale is butchering the market. The MM has the symbol NSXX on Level II...I have no idea who it is. But this afternoon especially stock has shown up in blocks of 5000 shares or more time after time. Then the offer is dropped lower...this scares away other bids and the stock drops like a rock with no sale made but NSXX just follows the market down then shows the stock again. When a buyer does show up to soak up the offer, shortly thereafter another block is offered. There is a big holder that wants out at any price and until he (they) get rid of their position this puppy is going to continue to tank until the price scares all the stock out. It's anyones guess now as to how low it will go...madness has set in. Hope not too many folks get burned. This hasnothing to do with fundamentals, I am now convinced. Long term investors will do well to buy/hold at these distressed sales prices.

    Ciao
    Guido

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