Most companies were down 70% upon really bad news, close to...

Most companies were down 70% upon really bad news, close to bankruptcy.
Personally, TTN's downgrade was bad, but Should not as bad as bankruptcy.

Just compared with few stocks with movements:

FGE:
Down from $4 to 28c, bounced to $1.80  -  up 542% from its low

BLY:
Down from 20s to 8.5c, bounced to 26c - up 205% within two weeks.

TTN:
Down from $1.72 to 47.5c, up ???

It's not guaranteed the big bounce will be coming, there is good chance it will happen.

The abovementioned is JUST my personal view based on trading experiences.