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Tuesday, May 27, 2014 11:18:45 AM
Might be some short covering from the past week, IMO. I think one of the "big boys" is at play here and last week of course. They unloaded a big position or did some shorting IMO. Not sure which yet by watching the action, price movements?
Last week's biggest down day was on about 8 million shares, then a few lower vol days bumped it back up, then closed out down harder on the week on some 3-4 million selling. This just did 3 million shares in a blink, but it only moved it 8% on "the spread", no real upward price pressure? Strange IMO.
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