CMG -10.5% in AH

After missing earnings, CMG is down -10.5% in after hours. A member asked if there were signs of a leak, I don't really need to look for signs of a leak, when a stock looks this bad, it's just a matter of time, but there is an interesting little final life raft in the trade.

After really getting knocked around there was one last lifeboat for some money to flee CMG, it's in the red box. Below is the 3C action for that period.

 As you can see price was low, some shares were accumulated lifting price by 21% and those shares were promptly dumped, not only did they get out, but they made some money on the trade too to make up for whatever was lost on the first gap down.

When a multi-day chart looks this bad, few stocks come back from this, but could most traders sit through a 21% move against their short? This is why we need to see the underlying trade.

CMG heavy distribution in to 2012