Hedge Funds destroyed today are Preceptive Advisors LLC
Their number 1 holding was INFI. Many others got slaughtered today. This makes for a massive short term nose dive. Whether today's bottom was an oversold, no one knows. But, it's strange how Wells Fargo comes out giving the P1 data their thumbs up. And still the stock tanks. Risk/reward here is tempting. Target of $50 is out of the picture for this year. Who knows what P2 data will reveal.
What I find interesting is if the dow, sp, nasdaq or apple were to fall 20% wall st would be halted and closed for a few days. So the best way to manipulate a stock is to find one that trades a million shares a day and that no one cares about.
Check out Quogue, the number 3 holder last 12/2012. It was only invested in INFI at that time. What's interesting is it had been investigated before by SEC for its shorting practices. I just find it odd.