that was some liquidation - NOT! What you witnessed was naked short sellers piggybacking a few sell orders, driving the price down at will. What is wrong with SEC chairman Cox? The entire industry is clamoring for the reinstatement of the up-tick rule and yet still he does nothing!
looks like it is a good idea to place a buy order 1 or 2 bucks below the 3:50 price. Sell it back early the next day or keep it with a nice discount. This has been happening for a couple of weeks now. Thought it was over yesterday with the strong close. It cant keep up.