If you watch the trading, you can see somebody knows how to accumulate. They buy up shares, say up to a point, say $1.62, they then stop buying, let the price come down to make sellers and shorts think support may have gone away, wait for more shares to come available on the ask and then boom, they gobble them up. The market is a tug of war on display.
yup I noticed the same thing...they let it fade to where people think its going to dump, people start selling on fear and they jump in and grab the shares. there are ALOT of day leeches trading this right now, hard to hold gains when everyone is stealing $ from the company..too many losers in the market these days. Everyone is looking for a few bucks, no one wants to make REAL money anymore. I guess these people haven't figured out that day trading for dog food is a losers strategy.