I took advantage of the drop and added substantially to my position. I had several bids in at $2.40-$2.48 from 3 pm to the close and did not get any more stock despite the fact that it traded at $2.48 and I was the only bid showing. My average is now down to about $2.75. If it drops again I will be buying more. I do not buy on margin and I am a patient investor.
The drop does not worry me because there was no news and the stock is thinly traded. This could have been program trading, short selling, an institution cleaning house or a margin call for someone who bought too much on the run up to $4. There is no real way of knowing.
1- BDX can drag this at most for 2 years (not 20 years)
2-In case RVP thinks it is going BK, they cam sell the biz (not the lawsuit) for $30M and ride the lawsuit out. It even might make their case stronger