Intraday low $1.13 on the AMEX last night

Wondering if anyone can give a plausible explanation of Tuesday's trading on the AMEX (NYSE MKT).

Sold down to $1.13 intraday - hard sell off early (showed open of $1.25??) and bit of recovery by noon. Can you put that down as simply someone wanted out at any price?


Contrast for a second to Halcon Resources also at all time lows (around $1.02) where CEO bought a little over a million shares (issued shares just shy of 600M). Stock went up by 30% to around $1.35 after Floyd put his own money down - $1M (of which he has plenty)

Relatively speaking, SSN with circa 14 million (ADR) shares outstanding. If I have it correct, TerryB would need to buy around 23,500 shares (1/600th of shares outstanding - like Floyd did for HK) or approx $30K.

Floyd's message was a statement of clear belief in his company - however challenged they may be and they have an enormous debt pile.

Wouldn't this be the "right time" for insider purchases? (not grants or performance rights or options)