"Reading MergerCasualty's post of Noront going to $2.25 reminds me of just such a tactic."

I remember M.J. posting that NOT would go below $3 and in spite of vehement opposition by other posters, he was ultimately correct. Given the rate of acquisition from the larger players of late, I'm not certain that they believe they have the time to take it below $3 before the momentum kicks back in. It's certainly possible but one never quite knows when the halt/N.R. will surprise.