Ive been tracking EasyJet share for the last year. (EZJ)

MAR 04 trading at around 3.50 a share

OCT 04 trading at around 1.20 a share

JAN 05 trading at around 2.10 a share

This is a massive swing in share price in a short period

Can anyone explain what is happening here and what has caused the share price to be driven to such a low value and then recover rapidly. - Could this share drop of been predicted and what are the signs of a share price bottoming out ?

Many thanks