It looks like it was one investor who sold, god knows his reason could be a tax bill, could be bitterness, could have owed money or could have been anything.
I have not seen these volumes since HIPO began trading, and even though it has gone little down for every seller there will be a buyer so this exchange is a good thing for the long term of HIPO.
Lets see what the next couple of trading days hold but IMO this is merely a flush out of the old investors and soon to be exchanged with bigger players who will hold for the forseeable future, just IMHO.
I also see a buying bounce back coming after this, as this is clearly the perfect buying opportunity for those who are smart.
GLA
HIP Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
