Just because a stock is cheap doesn't mean it is a buy. Just because a stock is down a ton doesn't mean it cannot go lower, that's what bulls rarely understand. In contrast, just because a stock is up 1000%+ doesn't mean it cannot go higher, that's what bears can rarely comprehend. I can provide a bunch of examples of high flyers from previous years which currently trade under $0.01 Judging by the volume and price action I can tell you that MMs control majority of the float atm and can do whatever the hell they want.