RE:We faced a similar situation twice recently...I agree that this kind of volatility is within the range of PLI's historical chart but did the other drops occur due to technical moves or was it an organized short attack? This clearly came from American short traders coordinating a article on Seeking Alpha and then mounting an attack on it's share price at a vulnerable level to take out stops creating a cascading effect.
I would expect that the company somehow responds next week either directly or indirectly to this article with concrete information or refute the suggestions presented in the article. If not, from a chart perspective the stock is massively oversold but how much will it recover if the company doesn't move to counter the article?
My question to people following this stock for a much longer period, what kind of management is PLI's? Will they respond Monday or Tuesday?