Yeah, it makes no sense as the s-1 stated there is a 180 lock up for ALSN investors so there should be support there... & we are still in the quiet period, which I believe is 40 days post IPO. No news to impact the stock that I've seen & I don't know why any one would take a loss with out waiting for at least 1st qtr earnings & future guidance. Selling this stock is like buying a product & returning it with out using it only to take a loss on a restocking fee. I bought on the way down as the market corrected to increase my position as this is a stock sale/buying opportunity & am long ALSN.
volume way down, contributed to overall market down,a lot of fear out there profit taking everywhere. Its moving with the trend. My guess. Its a great product and stock will perform accordingly in the long run.