I can only assume shorts took advantage of the rumor on HAZMAT. MMer's love to take advantage of this and eat some stops and loan out shares again to shorts.
Thus is really just normal behavior for this stock (historicaly).
One more pop and one more drop before earnings is to happen yet.
One thing I just don't get is why SODA's financial staff needs almost 8 weeks to get their statements out. Seems to me that if Alcoa can get it done in a week and a few days, SODA could get it done by the end of January. There really is no excuse.
what you monkey with the books, as most out of country companies do, it takes longer. Take all accounting statements from foreign companies at 10% less on the good and 10% more on the bad. That is my rule of thumb. I would never trust the executives at SODA or any from any other company. GAAPs are a joke.