Some people just sell the good news, figuring the price has peaked, some people may have had higher news expectations, like cash flow from a license deal(s) perhaps. I am actually encouraged by the news, and made a small initial purchase on the pull back. It may go lower at this point to re-test .30, or even fill the old gap down around .22 (IIRC), if the sell off gains momentum. Or it may bottom right here and bounce up some into the .40s area if the US markets continue their rally.
I am very encouraged by the stock swap deal with an operating company that already has revenue, and a reputation and good products in China. I think that was quite coup myself. I am in this one for the long haul, but I have learned to sell the highs (like 75%) and buy the panic sell offs (add back as it drops to the 25% I held), to protect my long term positions on these sort of stocks. The trick is picking entrys an exits. I exited selling 75% last time and missed 65% of the move up by selling too soon, but I bought back in today for 30% less than I sold at last time.
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