Nobody is talking about the 50-day Moving Average ! Crazy!
I honestly don't care if people respond to my post specifically, but not a single other person has brought up the huge technical break of the 50day MA. Sure, there are a lot of things and speculations going on behind the scenes, but all that perhaps caused a $3 drop from todays open price. And if you are a short (and there are many shorts), of course you'll push as hard as you can to get it below the 50-day. Which they succeeded, and then stops went off, and then other longs got panicked after a 20% drop.
Does nobody else see this as a possible explanation for today's trading?!
Yes Grindle I'm with you. And while I can't say where this will trade on Monday, I think there is a good possibility that there simply isn't any news development secretly out there. There was just a mix of factors in play today.