The tick responsible for it going .06 was at 100k @ .064, thats only $6k... , And then it got walked down at 5k volume, its the same clockwork we see almost every morning, theres a trade above the bid and then it settles for the day, no idea what it is.
Im not really worried about not getting in at .05 especially since it just established a new low, Q4 financials arent going to make this stock, Im sure theres plenty of people who are red right now and just want to get their $ out on the next bounce, this also attracted alot of shorters.
Q1 is gonna be the one you want to hold for, I applaud those who added at .05, there was no way of knowing that .049 was going to go through so youll be looking at doubling your .05-.06 position on decent Q4 financials, at best it will settle in the .08 range which is the next hard support/resistance above.
But Q1...IF it returns them profitability is going to be great profit for the stock holders as well.