Doesn't take much skill or thought to realize you can take advantage of "sell the news" crowd. Seems rather thin to go back to .20 now -- but if you disagree: by all means, sell here @ .180
Algos walked this down with MMs stacking the bid. If you were watching closely like I was, you would've seen that they had a propensity not to fill ask slaps, many of which were instead filled well above the ask-stacking MMs - wherever there was available retail shares.
Another possibility is that they ran stops, closed gaps, and are bouncing the 20 and 50MA for the chart as well.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.