Caution. Algos (bots, whatever you choose to call them) are at work all over the markets internationally these days! The current price is little to do with the ACTUAL business behind the price and the company's longer term success. The bots help CAUSE the short term quashing or spasms of sentiment, as they "deal with" news spikes as they are programmed to do. Current trading is mostly machines doing the leg work with mathematics to serve a short to mid term trading purposes of institutions. When the switch gets turned to go the other way, it is all the same in reverse. The rigging of buy/sell stacks; quick changes; multiple XTs, many small volume split trades and all the other dirty tricks in their programmed black boxes. It is not necessarily a permanent situation.
Don't be depressed. Be happy that the stock is still on their dials as a stock worth trading and using. It is happening in markets all around the world in a huge number of securities.
ps ... Don't believe me? You can start your "education" in the realities of algorithmic trading here... http://en.wikipedia.org/wiki/Algorithmic_trading
NMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
