no one is that stupid to sell at these level
Common' YOu would have to have an IQ of downs syndrome to be selling after 50% drop. As a human race, I believe that we are selfish, corrupted, but we can't be this stupid.
Thus, the selling has to be from aggressive hedge funds, naked shorting the stock to have most gains. This stock is 75% institutionally owned. What do you think is gonna happen now when those companies that own this stock realized that they just lost $100-500 millions in a blink of an eye. They will come back with an attack tommorrow. There are lot of people working overtime tonight, there is gonna be war tommorrow.