The reason for the heavy selling yesterday was margin...

The reason for the heavy selling yesterday was margin calls......

People who used margin lending on the stock got massive margin calls and they were forced to liquidate their positions to cover the call.

It was distressed forced selling and is a great opportunity to buy.

We have already had a 26.5% intra-day reversal yesterday, still expecting further gains as margin call selling stops and the buyers come back into the market.

this opportunity doesn't come around often

my expectation is the stock to bounce back to 50-60c in a short space of time

The result did not justify a 50%+ fall, not by any strech of the imagination.