That sell order has been there for a month or more, I see it every morning at 7am when I login to check bids/asks. I assume someone put a buy order in at market and that was the lowest one for that volume.
I don't think there is too much to it. However I would like to note that larger volume earliar in the day tends to be in intellis favor as it seems people waiting on the sidelines get jittery as do the shorts.
Angelo, some of those shares were mine, I sold. Have been here for a year and heard all the cheers, and with great hope I waited and waited. Unfortunately Sprot has been right every time, so I'm out for now. Best of luck to all. May re-enter lower if it goes there.