I am starting to think about what the spike really is. Was it based off a pump? Or perhaps Anticipation of a pump (quite a number of people saying that their is stuff coming out next week)? If it was simply a pump, why was it able to maintain a decent price level throughout the day? I think what has happened is that the stock was indeed pumped and brought down by shorting. These shorts anticipate new shares hitting the market, so they keep rolling the price down .... further and further. For now, the shorting makes sense ... no news and the stock has popped an insane amount. But if there is news, it will likely trap shorts and force them to cover.