is due to margin calls..
or running through stops. I think it's impossible to tell but ineteresting to speculate.
80% of the shares were held by institutions, mostly for yield, when they cut dividends, these funds will sell. it's just a matter of time when they will decide to dump it all. so the show just started.
Its funny how CNBC and the other news (yahoo, msn, google) haven't really got into what effect the dividend ending is going to have on the stock.
4 Dead Money Stocks to Sell Now at TheStreet(Thu 1:05PM EDT)That about says it all...