I also had expected a gap up higher but for some reason it did not get that high. I think part of the reason may have been because of that flash crash that happened at around 3pm, some people that bought at, say 1.50, were up 200%+ so the were going to sell lower. If there wasn't a flash crash I think the price would have closed at say 3$, and gapped up to at least 6 after hours. But the F-C allowed some shorts to cover as well, thereby lessening the short squeeze on monday.
Also, judging by the media coverage so far like that NYT article posted here:
I just have this sneaking feeling that they are going to find some ridiculous way to take the stock down to like 4.25 before they bounce it.
I did have a heavy position going into the decision, because I thought it would be positive, and had to live up to my username... lol. I sold 80K shares from ~2.50 at ~5, for +192K$. 20K$ more in the Bofa account.
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