60c is hardly an appropriate price to say it dropped from....

60c is hardly an appropriate price to say it dropped from. Considering there was on 6616 shares traded at 60c.

A more appropriate mark would be to go by the VWAP, which was just under 53c. By that reasoning, i dont think 38c is a good mark to set as what it dropped too. There was only 2529 shares traded at 38c and in fact only 60,000 shares (out of 1,900,000) was traded under 40c.

Whilst it was a retrace, and its to be expected with all the volume that went through the previous two days i personally dont think there is any need for alarm.

Saying that it dropped from 60c to 38c (whilst true) doesnt really do it justice.