Yeah, bounces usually come right after the bad news, but on this one, I think it will go down more like it did after the last major drop (see early November). Bounces often come on a hope of recovery, and I don't know how much hope there is in this company bouncing back. Not like JALSY where it got a great bounce because the Japanese government isn't going to let them die...or pharma companies where it tanks after FDA rejection before people realize, "wait...these guys still have these other drugs..." Just my opinion though. So on something like this, I'm watching for a chart-motivated bounce...which may or may not happen.
I'm not a promoter or broker-- just a regular guy who likes to trade stocks for fun and make some extra cash. Do your own DD.