In discussing the recent plunge in the share price of Sirtex,...

In discussing the recent plunge in the share price of Sirtex, the glaringly obvious seems to have been overlooked.

Sirtex shares were very effectively (savagely) SHORTED on 15/12/14 and 16/12/14.

Those poor share holders who panicked and sold out during that bottom period must be really hurting now.
The perpetrators of this Shorting were then able to buy in at a super-bargain-basement price, and have now already made a big fat gain.
But if anyone had the spare cash, anyone could have dived in to take advantage of that moment.

In the few days prior to the Shorting, the SRX price chart was looking weak, so anyone who was actively trading them in the short term, would have bailed out before the event anyway.
I'm one of them, but muggins me, I was diverted with personal stuff, and didn't react to that signal.
So I rode them all the way to the bottom, and then back up again.
Nothing gained; nothing lost.

Now looking at the big overall (Yearly chart) big picture, it's as if this this whole episode never happened.
We are back to where we were before.

Enjoy!

Richard