may very well have been a combo of short covering (from positions not wanted held overnight), or some speculative buyers hoping to capitalize from an AM pop on possible news. I wouldn't view it as very significant buying. Overall, the stock crashed on the late part of the day. JMHO.
You call that "eod" buying? I'd say eod started to fall of a cliff! Listen, if the fundamentals here were solid and the company didn't have to liquidate so much of its assets to just cover its debt, then I might have considered taking a long position but unfortunately, circumstances favor shorting "with caution."
I play specific moving average points because that is where the volume is. And where the sudden volume is, indicates where the big money is playing. Based on those average points, my entry and exit strategy goes into motion. The market moves on averages so please go elsewhere to convince someone else that "you make so MUCH MONEY"!