I've been watching this stock for a while and almost bought a...

I've been watching this stock for a while and almost bought a couple of times.
Surprised to see it so low and buyers have disappeared. That said, it seems to me a lot of spec stocks have experienced a reduction in buyers of late - just my observation: no data or sources to back me up.
The other thing could be that people in the know are shedding stock as maybe there is a negative, or not so positive announcement on the way such as poor results from drilling... This type of stock is risky even at the best of times.