Share prices tend to create their own momentum, irrespective of the value of the stock. If you where looking to buy in now the best thing to do is wait and see how low it can go before someone blows the game and starts buying. If everyone pretty much does this then down she goes. The inverse happens on the way up which is why some stocks cycle so wildly. Large buyers often help it go down further by selling at some critical moments when it looks like it's about to turn. They often sell to and buy from themselves. Most of us are just pawns in the ocean.
I know I'm not telling most here anything they don't know, but for those who are new to the market these micro caps often get played like this. If you are confident in your investment you can either ride it out or try to trade the swings, which I do. The wilder the behavior of a stock the more money you can make out of it on the way up, or down.
Personally I have no idea how this things going to go, but it's a more exciting play than explorers or oilers.
CGP Price at posting:
5.9¢ Sentiment: None Disclosure: Held
