Hi Jocam,
I have asked that question on here before. The answer I got was that the parcel in question is a parcel that someone put in as an at market price sale after the market had closed. The broker then puts that order into the market at a level well below the market price the next day to ensure the order is processed immediately.
I don't think that this has anything to do with panicking people into selling, only nervous newbies would fall for something like that. These 'silly sales' happen in most companies and are not only confined to PSA.
Hope this helps
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