I really can't see the market being this negative on that announcement, I think most of this is the shorts. Funny how they couldn't contain the nas on the night of the Ann then the ASX volume was massive and for some reason stayed the same after an almost 20% rise on the nas. Pretty much the exact opposite of what normally goes on....would really like to see the list of trades on the ASX on that day.
Anyway there are obviously a lot of shorters out there that think it's go time now and it's orbimeds, Amgens and Unilifes best interest to get the share price back up so let's see how our management retaliate.
UNS Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held