Yet, people who are up 500% are skittish and ready to jump. You can't blame them, pennies are full of people to whom a few thousand dollars is a lot of money. It only takes a flinch to start a sell off. That's not always easily chartable.
Whether or not they want to admit it, there are a ton of new people averaged at .018 or so. The real question is, do we sell at a loss right now- or do more people hold based off a longer expectation.
riding penny stocks into oblivion since 2008