China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

Oh I have no doubt that this was only short induced. They did set it up yday and executed it today. But during such a sell off you always get people who then sell at the bottom out of fear and stop losses hit or whatever. That's why I referred to "panic" lows. Of course nobody knows right now whether this was the low of the day, that remains to be seens. However, there is support in the 12.20 area.