Stock runs up. Profit taking occurs which allows for mm to drive down price. Then once they have shaken out the weak hands and taken out the stops, this low float stock will soar into earnings. Mm accumulated shares.
There is huge shorting going on here. I think it is naked short selling. Somebody trying to drive down the price. As there are few funds that will buy this stock, anyone short selling can control the price. Of course, they will have to cover as quarterly numbers come out.
Definitely some shorting scheme going on here. Even though its all psychological, they made sure to get it under that 2.50 barrier at the last second. Management needs to announce something over the weekend, or at open on Monday and waste those shorty MM's. Even issuing a press release regurgitating old news would burn them good and cause a squeeze that would probably take us above $3 again.