That is because so many people lost their asses with the panic sell due to TheSwede's comment. They can't get back in to buy. The Labcoin shares were centralized into fewer hands and they can now manipulate the price much easier.
Now they have the shares going back down to sub .0027 - its market manipulation.
It's not necessarily manipulation. The lack of news yesterday was not good at all and the situation exploded with TheSwede's no-news-update, I guess. Later the news did come, but all in all everyone knew what would be published ("chips arrived") and some might have expected more than a few lines of text, followed by
this horror comment (actually there is a blogpost about the topic
here in chinese).
Without anything substantial I see no reason for rapid growth in the next days based on the sentiment right now.
Agree.
Step 1) Wait for news => Buy
Step 2) No news comming, deadline broken => Sell.
Step 3) Sold too much => Buy back in.
Step 4) Still no news => Sell-all
Step 5) News has come => Buy like a fool @ 0.0037
Step 6) Hmmm, is that really a news ? In 1 line, no picture, nothing real to count on ? There is a lot of time before 4TH online.. nothing will happen until then... hmmmmm... => Sell
We are here I guess.
That isn't what happened. TheSwede initiated the sell-off with his comment. Had he said nothing, everyone would have expected news on Wednesday. Even you were only expecting confirmation of chips arriving and setting dates on dividents. Go look at your posts. You have completely changed your tune from just yesterday.