My theory goes as follows. There are the following traders:
- holders who are in on fundamentals and aren't going to sell (high risk investors) - holders who hold since sub $1 levels, see a price weakness and sell - saving their profit (probably from triggered stop losses) - traders who bought in recently expecting the price to continue move up -- hoping for a quick buck, see weakness and sell for fear of losing money - people buying on fundamentals - people buying for a quick buck -- not many of these at the moment because of the current price weakness.
At the moment, current holders fear of losing money is drawing the price down further and keeping away those buying for a quick buck. That just leaves those buying on fundamentals -- and most of those you would expect are already in waiting for the next announcement.
I'm probably delving a bit too much into peoples psychology -- but that's my theory :)
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
