================= Remember that; good points on the fibo obsewrvation also. NOT exactly the same thing , but i remember the name Hurricane Hydrocarbons gapped down big premarket on NasdaQQQ; moved similiar , but not as much % as ELX. Also NYSE listed eventually. NasdaQQQ or QQQQ has always tended to move a bit more % generally & more sloppy than SPY,DIA However some of the most likable people on the face of the earth are market makers & no specialist has ever compiled a book [yet], helping like -The Market Makers Edge, by Joshua Lukeman
I remember it well. A guy in my office accumulated four thousand near bottom and when the stock re-opened after hours.... voila.. up four hundred thou.
Not the same guy who put out the fake press release by any chance? If not, then he must have been basing it on fib levels!!