The extraordinary volume today (34 million shares -- nearly 6 times the rolling average) implies institutional selling. If so, it may be a long slog to get today's 7 percent loss back. I can't help but think it's overdone, but them's the numbers.
Could be institutional covering and buying. News ain't that bad! We shall see in the next few days. Shorts got what they wanted. Won't be to greedy.
Any chance of a secondary won't be for a few months. Although they could raise 500mm in a convertible offering real cheap in this low interest rate environment.