I think they HAVE been profit-taking, which is why this is down in the teens again.... Plus we have had at least one person admittedly setting stoploss orders which have been triggered.
Been watching L2 for the last week and it does look like stop losses triggered; today feels like the same plus perhaps a tax day sell-off. There's major support at Feb lows and a rising 200 DMA, bought some more this A.M. Hoping for a high volume hammer by EOD. GLTA.