Yes I think that's right.RMD is oversold for now but it should...

Yes I think that's right.

RMD is oversold for now but it should recover and appreciate over the next 1-3 years, imho and dyor. RMD ususally trades with a relatively high PE and after the SP fall last week, RMD had a PE of 30.8 (which is about twice the market average). The high PE is based on very positive growth predictions and upbeat assumptions, so any short-term hiccups, generally means the SP gets hammered. I've seen this happen several times over the past I5 years. I lost $70k on Friday, which hurts, a lot, but I'm not panicked. It will recover.

This stock is not typically played by day-traders, except of course for the short sellers, who often get burned and cause the SP to spike upwards. Short sellers are attracted to RMD because of its high PE, and for the big falls in SP that take place after any (even trivial) bad news. I can't find too much info about short-selling volumes in RMD, but leading up to Fridays earnings announcement there wasn't much stock reported as short (if I'm reading these lists correctly): 
https://www.asx.com.au/data/shortsell.txt
https://asic.gov.au/Reports/Daily/2019/01/RR20190121-001-SSDailyAggShortPos.pdf