golden hind, page-6

On 17 May this year, SLR dipped well below its long term trend line to hit 2.01 before a rapid rebound.

People were telling me something must be going on that we don’t know about.
The stock had nearly halved in around 2-3 months.

It dropped 27% in just the last 4 days of that sell-off.
This from a producer with cash, no debt, good cashflow and solid organic growth.

It rallied more than 50% off that low in just three weeks and later went on to double before correcting off that advance.
An incredible move in both directions over short periods of time for a stock with its mc.

I am not trying to draw conclusions as to how ABU might rally or when.
Just pointing out that even very major gut wrenching drops like that one usually do not imply that something has gone wrong.
The reversals can be very sharp and also do not necessarily mean good news is coming.