"Weak hands"You always hear about "weak hands" selling, and this is a classic case. Remember that Canaco has basically tripled in under a month and I must confess to not liking to gargantuan float here (although a good percentage of shares are held by insiders), so it is more than natural to see sell-offs.
Durkistan is 100% correct about the "sell on news" trades being executed here. I also completely agree that trying to "time it" is not a winning proposition, especially if you have a strong belief in the company. All of you that want to jump in and out, do it with the penny traders over at SD, CZS, etc.
This one is a hold hold hold.