I have to agree with whoever had said, "Once people realize that it was just a proposed settlement this will bounce back up."
The way I see it people did quick math and dumped for whatever they could. Once that happened, a lot of people took that opportunity to average down and buy more shares. As soon as THAT happened, the share price shot back up and now we will see two things:
1. People flipping from their low entry positions, and
2. People buying those shares to try to get the PPS back up to where it was before.
IMO, we will see a steady rollercoaster between 2.5 and 1.5, although I can't be for sure. I assess this is the case because we don't know for sure that we will get what we think we deserve - all we do know is that we will fight for a fair settlement!
And I have my faith and confidence in our justice system (ha!) and that our letters will not go unheard. The only thing that will really screw us over is someone on the inside negotiating a shady deal for profit.
I mean, if they can get away with a firesale of an entire bank, what else can they get away with?
