Don't laughIn the last 3 weeks, 2,060,000 shares traded at $.80 or lower.
There's no question some of that volume was traders looking for a flip.
No question.
Traders are a boon to the market in that they add liquidity.
In the worst case scenario, if a trader paid $.80 for this stock the last time it traded there on the way down, a sale today at $.90 gives them a return of 12.5% in three weeks.
Traders like to annualized their returns, particularly if they've made a profit. lol.
A 12.5% return is 207% annualized.
Remember! That's the worst case scenario.
Any trader who paid less than $.80 more recently has done even better.
Far far better.
No question in my own mind some are selling and saying "thank you very much".
There isn't an inexhaustible supply of traders