If you take a good long look at the Daily price chart (below) it's intuitively obvious even to a non-technical trader that the buying frenzy is OVER. At $0.10 this stock was perceived as way overvalued by the majority of investors. How can I say that? Because the price went down sharply due to aggressive selling! After any steep drop in price it is a normal occurrence for the price to try and recover back to a price that is more in line with the true value of the stock as perceived by the majority of investors. At about $0.015 the buyers became aggressive (buying frenzy) and drove the price almost back to where it had been decided that it was Overvalued. So, now we have a dilemma and the Smart Money has already taken profits and some are no doubt selling short and the price will now drop back again this time to a more realistic value that everyone can agree on and then it will trade more realistically from there on.
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