i have never seen a company take a dive without any news?
volume was huge in the first 30 mins -- dried up a lot since then. someone shorted big at open, or some fund had to sell -- margin, etc. too much volume, too quick -- nothing sustained, so probably an "isolated event." as long as market holds up today, look for it to close the opening gap.
Your suggestion about a one time event makes sense to me. However, this company has not been great at execution. Slippage with excuses has been the coin of the realm. Lets hope there are no major project slips as they have take or pay contracts for the natural gas supply do they not?
agree -- the execution has not been great. Just believe if there was something material (a bad project, etc.), the volume and downward pressure would have been a little more gradual and sustained. Almost looked like someone had to get out/looked a bit like a market order. Now stock languishing cause no on knows what's up and sitting on hands, afraid to buy.