Looksmart traded very strongly overnight and rose by 4.1% or, .1950cps !!
Smart "shorts" appeared to be covering (@ $4.95cps) is how I saw it, on Level 2.
The news will be good, that's for sure!!!
LOOKSMART LTD (NasdaqGM:LOOK) Delayed quote data Edit Last Trade: 5.00 Trade Time: 3:49PM ET Change: Up +0.20cps (+4.06%) Prev Close: 4.81 Open: 4.98 Bid: 4.97 x 300 Ask: 4.99 x 500 1y Target Est: 5.67