and explain why not?
can you name me just one company with P/E around 10 that after dropping 43% for 1 day and then will drop another 40% for the next 12 months ? just one, common ?
It's not "earnings" if you can't collect. It's actually "losses."
Can you tell me why it would go down to 20 ?
Yes you can buy at 20 by some times next week but only for 1/2 shares, be real there would be a massive short covering next week and if you are lucky you may buy it in a high $30's range.