Millions of shares went off at $4, right at 3:40:00. Then it popped right to $7.08 within the same millisecond. Millions of shares in about 1000 trades went off right at open without a millisecond passing, then it went straight to $7.08 on the same millisecond.
I don't think that any REAL trades went off at $4. This was market makers just trying to set the price but the public didn't follow them down that low and the 'real' open was $7.08. Unless you had an order in EXACTLY at $4.00, it would never have executed.
I don't think so, because EVERY single trade went through at $4, not $4.01, $4.02 etc... EXACTLY $4. Theres no way there were 1000 stop orders right at $4 and then ZERO all the way to $7.08. Just dosen't add up. Check that link I posted.
So you are saying that the market makers bought all these shares at $4? But who was selling at $4? Were these pre-set margin calls or something? Not even a single millisecond passed before it was back to $7.08, yet they managed to push through over 1000 trades. Who was stacked on the sell at $4 and buy exactly at $4 also? Makes no sense, unless it was the actual market makers buying and selling to themselves really trying to cripple this stock at open?