400K shares traded is not that much. With electronic access to the markets (re: worldwide), that represents approx $712,000 traded in XJT today. Not a huge deal.
XJT reported a loss of $0.67 per share ($0.62 if you exclude certain items). There were no analyst estimates so this is not a case of beating or falling short of estimates. Price continues to rise in pre-market trading on very low volume (300 shares).I'm guessing the earnings report is going to be better than expected tomorrow. Still waiting for the pain from the reverse split to go away.
XJT is now up $.41 / 31% for the day.
NOT! Never listen to a pilot for financial advice, especially ones that work there and think they know the inside info. Dork.