Well RXP issued an announcement confirming the assumptions were incorrect and today looks like stopping volume? Will it be enough to absorb it all, not sure. From the sounds of it, retail traders offloading so I'm not expecting things to be clear cut. Majority of trading was on market (300K S3). From my view fundamentally the breakdown is not warranted so see if it can pick itself back up above the 81.5c resistance. This may have been a very effective exercise as I felt there was some overhead resistance withholding upwards movement and a great way to shake it out. I also note today traded a tick below yesterdays low, most likely orchestrated to trigger stops.
