yesterday...

Title of a great old song, including the line
"all my troubles seemed so far away" :)

FH had a theory about the 2.5c dip yesterday.
Perhaps this is naive, but there were probably a lot of biotech investors who held both ADO and PBT.
The magnitude of their losses on PBT could have prompted them to sell off ADO (at a profit) simply to offset their losses and maintain cash levels in T+3.
Is that too simplistic?
I guess we'll know soon.
If ADO quickly recovers, then that might be the case. If ADO slips lower, then it's probably unrelated.

Cheers,

The Cat