"free fall"? You are just being naughty :) They are just...

"free fall"? You are just being naughty

They are just following their short term momentum to the CR price or slightly lower. Like @drui, that has mostly been my frequent observation when a CR occurs. Most retail investors don't want to pay a premium to a bunch of worms in suits so they will sit and wait for an "safe" entry point.

In my case I usually try to hold out for 10% below as a safety margin unless there is a compelling time constrained reason such as attached options.

Now they've closed at 0.81, and given they are not a high volume share and they don't have an enthusiastic retail following in a "hot" industry, I'd expect they will slip a bit lower over time. Then we wait for news of a good integration, a big contract or the next report.

PS Congrats drui, good trade. And a fabulous discussion all round. I was considering selling at around 90c but convinced to hang around by the acquisition and the analysis and discussion here.