Steve,
Yes, it was only 3% yesterday (although I believe that data is quite limited in its accuracy), but the stock has been heavily shorted in the past.
I personally believe this is a fantastic bargain at present, which could give very good returns based on the current price. I have been buying the last week and I plan on buying more once a bottom has been established. The reality is however this stock is so volatile you are better of waiting until the trend turns, instead of being too eager like I was.
Good luck.
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