Don't you find it strange? Don't you find the whole sinking of PSN today very strange? If you're an investor and you want to get out of a bad investment, don't you still want to salvage as much as possible? We opened at $5.79 this morning!! That's about 44% of yesterday's close of $13.22. Who in their right mind would want to take a $7.43 haircut right off the bat? Don't you want to try to get a $2 loss first and see what you can get? This whole thing is so obviously a planned attack by the shorters to create a panic so that they can make their killing and get out.
I think the whole thing right from the start was set up as a washing trading exercise and created the avalanche. Washing trading is easy for the investment houses. They don't really lose any shares because they just sell to themselves through perhaps two accounts or more accounts. Once you kill the share price the lemmings will follow.
Let's hope these crooks got their loots and stay away from PSN for good. I guess it's too much if they could be caught! You know it's really not that hard if someone wants to do it. Everything has a trail. Even in the electronic trading world.