RE:RE:ThreeD Capital Inc. Announces Settlement of Dispute with PalIMHO people selling at these levels have "investor fatigue". They end up selling because they have held for a fair period of time and seen losses or very little gain, so they get exhausted and just want to move on.
Not in anyway a logical invetment strategy, but based on a very human feeling of being left behind..
I've seen (even done this myself on occasion) many miss the quick dbl or 10 fold increase when setiment changes on these type of investments.