Yes, your average Fred within a given price bracket. Punters with nothing but great expectations who bought at higher prices in the past, where nowadays the promise of getting most of their money back is compelling. It's a flushing out process with most of the 40c brigade now cleaned from the ranks. Indeed, it took about four weeks to quietly clean the register of these "investors".
The current cleanout concerns the next stage of the purge. Address the mid 40c to 50c "investor"
And so it goes. Get rid of the vast numbers of punters on the register so the few still standing can make some money.
Proofs: The number of total shareholders is diminishing, and a glance at the daily course-of-trades shows that lots of small punters are quitting their position.
Driven by fear, and all that.
CQT Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held