imo what we saw today was probably caused by some remaining shares coming off lockup, perhaps from the private placement. since they got in more than a year ago for .10 per share, anyone selling from the PP today was up about 6-700% on their money with long term capital gains.
once retail saw some selling it looks like panic ensued. then more panic. this is something we'll have to deal with for a while yet, because many are still skittish from the downtrend we had.
i also think a group or two may have come in on the bottom and started looking in some profits from the .30s and .40s. if we're talking strictly daytraders, imo they don't give a fig what the company is, they've got profits and will take them and move on to the next flip.
just a few wild guesses. and fwiw, i bought this dip.
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