All I can figure today is that an arranged trade went down today. I had a low ball order in for shares at $.18 at 2:00PM ET. The stock tanked to $.17 +/- at 3:27 ET. It blew through my order down and on the way back up! That is an arranged trade or something very wrong happened. I am not liking that #$%$ one bit!
There are warrants that can be sold at anytime up to 2017 I believe. Don't know if that large trade was any part of it, but when these investors decided to sell, the stock can tank in a hurry on the low volume.
The question is, is there going to be more downside tomorrow?
Not sure. With news out many times folks will sell on it. Keep an eye out for heavy volume today with little upside and even downside. That is my red flag for the day. A piece of good news is good but sometimes it can be a pump for short term selling too.
They are not large trades. I own far more shares then that. As you were told before, there will always be selling, thats why the volume has to get much higher. A little more buying and this would have traded unchanged for the day.