The shorts know that there are plenty of bargain basement stops...

The shorts know that there are plenty of bargain basement stops to hit down here, it will go lower IMO as they force it down further and scoop what they can, lets not forget on a high volume day every sell is a buy so who is buying them? Not the uninitiated that's for sure.
The sp drop is not surprising really considering where the project is at, current market sentiment and current sector sentiment, although there is talk of imminent changing winds through the sector but also many headwinds.