PANICYes indeed, there was panic at the beginning of the trading hour. I believe these are short term holders who came when the stock was in an upward movement. Not knowing the real story behind SA, they panic and sold. The longs are steadily holding and some have seen this dip an opportunity to buy more shares. It is really unbelievable how the share price have withstand from the pressure of the panic sellers.
Someone must be supporting the share price and I think some longs with dry powder are buying. As far as I'm concern nothing has change except the waiting now takes a little bit longer. I've been in the waiting for years now so a couple of months does not really matters. Just my thoughts.
Cheers........