The thing I am taking note of here is that yes it is a big...

The thing I am taking note of here is that yes it is a big volume day and we are still down 5% which isn't a great thing but there does seem to be a lot of churn through 5.2/5.3c. This 'can' represent a lot of new traders or longer term holders getting set and can provide a base. It's healthy for a stock to have big churn at lows like today as traders who bought at higher levels and are in the red exit and fresh hands awaiting higher prices get set. It shows a flushing out of shorter term stale holders who would probably have sold when the stock pumped a but higher anyway. Majority that are left are longer term holders capable of weathering the ebbs and flows and then the new traders who took positions today at a good trade location and aren't in a position of weakness.