I think the low-priced issues in general have cooled. I just did a screen for listed stocks under $2 and it spit out 303 of them. There were 14 unchanged, 39 up, and 250 down today. Those are sobering numbers considering the major averages were all up today.
I welcome the change since the microcaps have seemed really over-priced for a while now.
I notice when companies report a bad quarter recently there is a price to pay, whereas for a while they were getting a slap on the wrist.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.