For any LT investors panicking, please note this stock has been heavily traded by short term day traders. In order for it to become more stable and settled these traders needed to exit.
This exit point will normally when
A. the % profit has been achieved (from .6 - $1.20) = 100% nice round number
B. the first sign that it may have temporarily peaked or the demand is slowing
This is a dream time for anyone wanting to accumulate and if anyone has any sort of trading clout, it is the perfect time to trigger the traders sell stops all the way down and mop up the sells.
I would be interested to see if you all concur with the above and if you could add some more depth to it
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