This isn't a shakedown. It's just a player needing money fast. Buying was the right thing to do. Not many people will sell for an aggregate loss of 15 cents just to get money out in an hour. They could have sold slower but didn't. When I see that I usually think someone has a straddle to cover a short. By selling it drops the price and they also buy larger lots on their short to balance the loss. Then they go pay down the cover on another stock. There may have been one other person reacting but the general herd didn't follow.

Betting that we will follow the S&P over the next 2 trading days will not reap the benefit needed to rebalance their position so that can't be it. I came to the party late this morning or I would have scooped up some too.