I think it's profit taking. When you have a rise that extreme and that quick, you're going to have traders focused on the technicals crowd the trade. I focus on the fundamentals and look at this company as an actual investment for the long term. It's no secret this is a penny stock, but the story behind this company right now is very compelling. It takes a minimal investment to make a big return. People shorting this stock probably don't sleep that well at night because they know this stock could shoot up to a $1 in a matter of minutes. With that said, there's always someone out there trying to manipulate a stock, but in the end they get pushed out if the fundamentals are sound. The margin requirements to short this stock wouldn't make it worth it to me. Right now you're looking at a buying opportunity, especially for traders that missed the move to a buck.
