Jody - just a comment relating to what you have said below:
"but this reversal was 6x the all ords reversal for today."
Jody - with a starting price at 22c, and even a drop of 0.5c (which happens often) - the share price would still have dropped 2.27% or 2 times the market. So quite often due to this stocks small value - it will more often than not outswing the market.
Also it is not just traders selling. It is other people as well who are less risk adverse, and sometimes sell out their shares and hold in cash. It is also institutions looking to put their money elsewhere.
When you have a small market cap, low $ per share, and a buy sell side like CFU, then any selling can push the price down quickly, or push it up quickly. Its not as shocking as you seem to make it sound.
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