The flippers sell, the momentum stops, the swing traders sell, the price goes lower, then investors panic and sell their shares right into the hands of the people who remember why they're in this stock in the first place.
Some people here bought this stock in the .005 range in huge blocks not too long ago; did the people selling those shares “know” something that caused them to sell? Obviously not. All stocks go through this stage.
A while back I used ATRN as an example of what can happen (use almost any stock for the example). They were going through the same thing that we see here. Price was going lower, people were getting upset, some investors were getting scared out of their shares.
In fact, remember that ask AGRT had with over a millions shares? Read this from the ATRN thread
Someone put up 1 mill shares for .044; Sound familiar? About a month later it went to 36 cents!
For those who just sold, step back and evaluate why you originally bought this stock. The same reasons to buy still apply; if it was a good deal at 1.7 cents, isn't it a better deal at 1.2 cents? I can't think of a single stock that has a better price to potential ratio than this one right now. Honestly, the way this stock is currently set up, they could probably announce they're selling widgets and the price would have a nice move up. But it won't be widgets, it's oil and gas, and we all know the potential in that field right now.
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