There is no bad news, or if so... its insignificant. only minor players right now on arca. once instinet opens up all these institutions are going to push this right back to the top.
Presumably because if it was an order entry error, it will return to the pre-error price around 58. Probably higher if someone has to cover millions of shares. I am long btw
Guys, this thing is free money on ARCA. Just make markets on 500-1000 shares, you can peel of 30-40 cent profits no problem,