I think it’s highly unlikely that the pattern will always apply. Taking PHNX as an example it did not overshoot the dividend reduction - at least not before the ensuing market chaos
That leaked rumour - not confirmed - is more of the game show fiasco style of leadership. He’s crapping himself with excitement I reckon as he watches the whole world jump to his tune - up down up down do as I say peasants!
I’m personally going to wait a bit - may or may not work in my favour BUT Monday is guaranteed to be volatile again and 10p Tuesday is not out of the question