Someone buys for 10c, they sell at 10.5c = 5% profit. The...

Someone buys for 10c, they sell at 10.5c = 5% profit. The "morons" who sold at 11.5 might have even made 10% profit. They buy in again at 10c and do it again. Over and over.

Now the mums and dads with a $10,000 parcel are not going to take that risk to make $500, but high volume traders with large sums invested make a nice living out of doing just that.

Maybe someone else can have a shot at explaining this if I'm not making it clear.

The same thing happened with other stocks I'm invested in - even AVZ, which is now at 28.0c. You just need patience while the churn happens and volume builds a foundation for the next leg up.