You have to go look at the market history on this one. This makes yesterday's trading look a little silly and is perhaps an excessive over-reaction, but not surprising that many on receiving their allocation would sell down their shares for quick profit - the extent of the drop and why people didn't simply sell ahead of existing holdings yesterday baffles me.
I suspect it will probably slowly retrace to a 10-30c range over coming months (the $0.50+ was always a bit ridiculous on the approval news given the outstanding corporate action) bar any new news, after the short term profit taking is done.
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