I think this is what happened which doesn't seem too far fetched.
Someone who knew the positive news (hedge fund probably) shorted or sold substantial (100K would do) at market while having buy orders in place much lower to scoop up all the stop losses.
THis is not illegal and simply some smart fund manager took advantage of all cumulative stop losses the retailers had on this stock.
FYI, I have done it myself albeit on much smaller scale (sold 5k at market only to have my limit buy orders at lower price get filled.
Obviously there is risk if the Sale at Mark may get aborbed quickly that the seller would end up loosing his shares. But keep in mind, in POZN situation, everyone including my neighbour & my lawnmower man was maxed out. The only mistake such retailers did was to have that STOP Losses order.
Bottom line, smart money stole the cheap shares like a candy from a kid. Did anyone hear of 'shaking a tree' ??
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