These are a lot of shorts covering. I know that I covered the rest of my short position yesterday at 60.10. Big money has been covering a lot of their initial short that they shorted between 70 and 72. I have covered all that I had short but they may have only covered half and may short more in this 62 area or if it jumps over that in the 64 area. There is still a lot of time left in this month before earnings for ups and downs.
They dumped didn't dump at the 2 week low last week. They sold over a long period of time. They are just locking in profits. They still have sizable positions and all but Zuck get stock option bonuses. The tax implications are less when selling stock that has been held for at least a year as opposed to sallary so it makes sense. There is nothing to see here that should worry anyone.