Breathe Think BreatheDraw a tree diagram for yourselves if you are in panic mode today.
Did you like the company, it's revenues, it's potential growth before today's news release?
Were the news positive or negative?
Has anything fundamentally changed or has turned to worse?
Did today's trading make any sense? Well probably not. Market manipulation? Most likely.
If you were buying or adding to your position in the high .50s and .60s does it make sense to be selling in low .50s or .40s when things have became better and will only get better from here on?
Market is not for the faint of heart. These vultures will do anything to get your shares. What does any public company do when they start generating big revenues and become profitable? Well they will either reinvest into expansion, buy back shares or issue a dividend. Hence it's a win/win situation for shareholders, hence the more shares they can grab at these dirt cheap prices compared to SCGs competitors, the more they'll be in that win/win situation in the future.
Emotion in the market should never defeat logic.