might be a bit conspiratorial and could be wrong but i've been watching the volume and course of sales very closely all morning. Only cost about $2mil to drive it down about 14% then on the way back up it did about $6mil in the space of 30min. Good way to make a quick buck if you have the volume to cause a stampede. Wouldn't show up either because they're not moving by 1%. Just before someone was buying out whole levels as they became available. Now since the drive down there has been almost 4.5mil shares traded. Good way to either cover some shorts or accumulate.
There were a lot of people with itchy trigger fingers that freaked out and sold.
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might be a bit conspiratorial and could be wrong but i've been...
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