It's not a science... but there is typically a fairly good recovery with a number of stocks I watch that got smashed but still should have some upside... recent examples have been myer, sigma, force, slater Gordon when it got to $2... all of them recovered after very quick downfalls... and yes they do come down further than the initial massive fall slightly more... usually 10% ... I believe that's the traders that lose money on it... then long term investors come in and take it back up...
I have my money, literally that's what's going to happen with fig. It did pick up momentum but I didn't anticipate they would stop selling so much products lol...so it went back down.
Traders are losing money now selling... few weeks should settle and go back up.
Imo only