Watch the Cramer video I put out a few times....where Jim describes the games he would play to demoralize "moron longs".
Have we been witnessing some Hedgie type games, sending large numbers of small quantity sell orders through a number of different brokerages to foment the impression of a broad based sell off? No way to know for sure, if someone is engaged in that type of blatant manipulation they're not gonna all of a sudden raise their hand and say..."Okay, ya got me".
With that being said the short interest update will be out after the close today...and we'll see if there was an increase in borrowing shares and dumping them back into the market up to the 15th of June, and if there was to what degree. I'm still hopeful that this was simply a case of retail capitulation....in the near to medium term I see that as having the best prospects for a quick recovery in the PPS.
But until the number is updated its just idle speculation.