Something a FOOT?18 Mar 2019 11:40
I suspect many bought in on the drop expecting a quick bounce and are selling as they loose patience. The drop looks well over done to me and I expect a strong recovery at some point but it will likely take some time as there is little to drive it in the short term. Once the results are out of the way it will hopefully attract new investment as it is clearly undervalued, but in the meantime it seems likely to drift further bar volatility on the way down as frustrated holders sell into any rise.
There are strong similarities with FOOT (which has again seen a very strong rise today), so it's probably just a case of that same old same old waiting game before this recovers to a more sensible level.
GLA.