Mathematically, he is correct. Your percentage is always calculated from point A to point B. Now, I know that you were trying to say it looses 20% daily or something to that effect, but it is 20% of the previous day's close, not your entry.
I don't know why I am so calm about this penny stock as opposed to all of the others. I just keep reminding myself that much lower its load the boat time; otherwise, I just keep holding knowing I will evade capital gains taxes in a year or so.
Monster is trying to teach me patience....and I am working on it.
Mama and Daddy always said it's how you play the game - trade to trade well and the rest will fall into place ;-)