Contrarian every was buying on earnings, earnings performed but there were no more buyers. So the momo crowd hears the CEO is jumping ship and they panic see the stock not moving up (because the buying was too saturated) so they jump ship and lick their wounds. Tomorrow starts anew. Hopefully the reverse will occur and there will be no more sellers so everyone will start buying to catch bottom bumps. That's my story and I'm sticking to it.