Honestly, guys, I think today's action is a great sign. Think about it. The pps only spiked to $.40 at the end of the day on Wed. Hardly any volume at that price.
It traded at modest volume for a week in the $.18-$25 range.
I could've easily made $1k today. I opted not to, but others, who were never looking at this for a long term hold, found plenty of buyers today to make great returns on a 7 day (or less) investment.
There was much more buying strength today than selling pressure, otherwise you would've seen the price back down to .$20.
I feel like some longer term investors showed up today. People from the medical field are going to start showing up. They don't care that the shares were recently diluted. They will only look at the upside.
mw