CNBC JON FROM FAST MONEY SAID AT 1:00pm THAT SOMETHING BIG IS COMING SHORT TERM
He says a huge amount of the $11.00 Dec and Jan call are bring bought in large lots today, he says some big news is coming and would be loading the boat with calls and stock, see you over $11.00 this week.
got long calls today, can't ignor the volume, may just be a big short hedging a cover for the yr end prof taking. it does seem 10.80 to 11 can be reached by friday. took both jan 11's and dec 10's .
Afterhours begins to tell the story. Volum as of 4:34PM -- 50M plus shares traded between 10.54 and 10.65 with a 30M block going through at 10.56. More interesting os te 359 share trade at 10.65 and the 180 share trade at 10.60--these look like little people that may know something--the secretary, the bartender, someone serving lunch picking up on an interesting conversation that ELN is on the block...and soon...
kdrobb, 30 mil share block, #$%$ dude. what are you smoking. volume was 10 mil yesterday AND THIS STOCK NEVER SAW A 30 mil share block ever. if it can close over 10.70, i would be looking for 10.90 to 11.30 . under 10.25 your in trouble