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Because there are no buyers and more sellers who wants to get out at 52 week low..This stock has been worst performing stock in good tech sector. It did not go up in good market how do you expect that it will go up in bad market.
I am not expecting anything ...Your assumption maybe correct, but what I would like to know is what are the underlying negative fundamentals causing such panic selling.
One thing I can think of around this time is earnings warning. Market may know about some sort of -ve news coming. Big guys are always first to get out. We wait and get screwed more.