Reasons for sell off
1. Loose lips sink ships and someone in the know wanted out before the results are made public
2. Accidental press of 6 indtead of 9 which triggered stop losses and the snowball effect
3. Someone or Someones weren't happy with the quartley and wanted to sell
4. Had a change of heart and wanted to sell.
5. CR on the horizon so they think they can get out and buy back in later after the CR for a better price
6. Leases wont be granted
7. Massive tree shake to accumulate from weak hands
Take your pick
I choose #1, I ersoanlly dont want to belive it but think someone already knows the results and wanted to exit. I hope its not true but I have seen it from the sidelines and been part of it in the past when it happens and it looks just like this with impending news.
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