Common' YOu would have to have an IQ of downs syndrome to be selling after 50% drop. As a human race, I believe that we are selfish, corrupted, but we can't be this stupid.
Thus, the selling has to be from aggressive hedge funds, naked shorting the stock to have most gains. This stock is 75% institutionally owned. What do you think is gonna happen now when those companies that own this stock realized that they just lost $100-500 millions in a blink of an eye. They will come back with an attack tommorrow. There are lot of people working overtime tonight, there is gonna be war tommorrow.
I was watching the volume today, at 77MM there was a stagflation aka more than 50% shares are short. Took 3 hrs for another 10MM volume. At this stage there is a high risk of short side. Who will take that risk to make a buck? 48% drop in a single session is huge and record breaking. It is a value play now. I take it $35 to $38.