The stock was up in the morning. It slowly lost it. It got down to about $18.50 level, and panic set in. Everybody was figuring it was going up, at least to $20 near term, and saw the charts showing up bounces in the high $18 range.
Out of no where, when it did not find support in the mid $18, it went for its first drop, with some shorting hedge funds triggering it. The stock went to the lower $18, and rebounded nicely back to mid $18 range.
All looked okay then, as the market as a whole was decent.
But, the shorts had a different mind set, as they jumped on it and it lost it fast, going to upper$17, with larger volume following.
So, what this means: Shorts got it going down into the gap area.
Tomorrow there will be a floor, and the stock gets going again and people will see that this company has fantastic earnings and definite, I mean real definite growing earnings, you can bank on.