I guess we are getting much closer. I still say .16 holds though. Yes, my opinion... but I don’t think we will ever see lower than .16 ... the only exception might be a same day or two day V shaped drop right before the hammer is dropped on the shorts. I have seen that happen a couple times. But, this time I think the drop to .16 was that V day.
In the example, the drop was not 40% ... you cited 20% but it wasn’t even that. When the RS news was announced on 9/27 for RMLD, it barely went down the day the RS was announced ($9.60) and went back up higher the next day ($11.50)
DATE CLOSE/LAST VOLUME OPEN HIGH LOW
09/30/2019 $10.25 1,590 $11.5 $11.5 $10.25
09/27/2019 $10.4 15,833 $10.8 $10.8 $9.6
09/26/2019 $10.44 6,041 $11 $11 $10.4