Wow, it's like ACAS constricted the plague all of a sudden. We're not used to this. We haven't seen a correction to this extent in the SP for quite some time. Hopefully she'll hold above $14.00 which is the 50DMA.
There maybe growth in those that expected the company to issue a divvy, even a special divvy versus another buyback. This sell off maybe a reaction to that. Regardless of the positives in share reduction it does mean if an investor needs income from ACAS they must sell.
Don't be alarmed. I closed another position and picked up 300 additional shares of ACAS. Most of my stocks take an immediate 2%-5% dip in the short term. I'll try to remember to announce it prior to the order next time.
Humor in truth aside, short term movement is not significantly pertinent to long term projections or goals.