What was yesterday?, page-4

As I've said before, the run up since March had been overdone in the short term and the reversal (i didn't see it coming) was always going to be brutal, as the exercising of stop losses by traders (and indeed investors) would also add to the downward spiral - I admit selling 50% of my holding simply because certain price points were breached and my risk management thresholds kicked in (a decision based solely on discipline and not my personal view of the company's future prospects). Manipulation? You can never discount it. Let's await the company's next announcement. For what it's worth, I think Friday was the final instalment of capitulation selling, which means we have seen a new floor price (17-18c). The only thing that is likely to drive it lower is bad company news. We await Paul Burton's next batch of company announcements.