Russell IMO. There is currently an institutional shuffling of the deck. Notice the higher volume and bigger blocks of trades going through. The weeks of Russell rebalancing are always volatile. Interesting enough, I've found that after rebalancing ends (happened w/this stock last yr and several others I have followed over time), the opposite of what most expect happens to the share price after the dust settles. Additions tend to decline in pps and deletions tend to rise after the lists are finalized.
Joe P's current litigation probably isn't allowing him to sell shares.
And why would the new $6M investor buy shares for $1 and sell them for a loss on the market. That makes no sense. Whale investors are looking to capitalize on share price appreciation, not depreciation.
As you stated, you are a new investor, and I assume you have done your DD. Time to trust it. If you are trading short-term, embrace the volatility. If you are investing longer-term, understand they're going in the right direction here, be patient, and add if your situation fits the opportunity. All the good news released recently isn't fluff. It will translate into dollars down the road, which is what skeptical investors are looking for.
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