$SNDK just went through a lopsided half hour. Across the major venues, $7.4M of long positions, bets on a higher price made with borrowed money, were closed by force in the last 30 minutes.

The other side was almost untouched. Short positions lost just $5.6K over the same window.

Nearly all of the pain sat with leveraged buyers, whose collateral could no longer cover the move against them.