information. They will be selling soon. That's what #$%$ does.
Nonsense. If someone knew something with any certainty, as opposed to an educated guess, why wasn't the stock up every other day besides today?
The reality is that you had shorts covering. Some were smart and did it before the close. Others are paying a higher price now and/or going long based upon positive forward guidance.
I disagree. They did not have illegal inside info until today. I do agree some shorts were covering (those with illlegal inside info) but I suspect the street will still sell off in the morning.