Softbank was the weak spot17 Oct 2022 22:15
Unclear what their actions would be and their global activity pairing back must have been the catalysts for the shorts to pincer in. QIA and the Manchester link suggests to me MM had sounded them out before rejecting the bid. The way the price drifted down essentially squeezed softbank, but I suspect they will have been hedging anyway so probably have made a lot of money already from this.
My money is on an alrighty re-rate upwards to over 100 in the next few weeks. But, I am down 30% on my investment, so what the dickens do I know! So whilst this is my opinion, please DYOR etc.