Tuesday, May 15, 2012

No Volume -- Essentially Flat At Open

I would guess that the few hundred shares changing hands are connected to insiders, in one way or another.

There is essentially no volume -- and essentially no movement -- in MATR, on the NASDAQ this morning.

Pre-market (in hilarious fashion!), someone was indicating an "Ask" for 100 shares at $8.75 -- clearly trying to force a higher open, from the $8 at which it closed last night, before the latest SEC filings came online. Just for completeness, I should note that the error reduced reported Q1 2011 GAAP continuing operations loss per share by $0.02. I would expect that an "additional" annual 2012 $0.10 per share of losses from continuing operations should be built into the models, irrespective of CEO Conway's forecasted sales slow-down in Q2 2012.

As ever, be careful out there.

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