Based on where it opened my thinking is that someone decided they couldn't wait to buy and put in a market order and an mm took advantage to sell them 3,009 shares. It is a lesson to the overanxious imo.
If it was manipulation, I would normally expect the mm to walk it up with say a few 100 share trades and some 500's mixed in to more closely simulate broader buying. If it was manipulation by a group then I would expect there to have been 20,000+ shares traded.
As for the downside, we have seen several times it was smacked down early. I am looking to see if 5.60's hold, and then what happens with 5.55, 5.50, 5.42 and 5.17 if it wants to test lower. None of them stand out more than another except it appears it will take a lot of failure at support to get through 5.55. If that happens a flash crash would not be surprising even down to 4.95.
Just my rambling thoughts.
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