For me, personally, a good way to figure this one out and how this is going to move up is basically learn from it's history. Its pretty much a given this will run on some news. Just gotta ask yourself questions. How it moves on news? Does it move on no news? What kind of volume makes it move? How fast does it collapse? Does it have a lot of 1-2 tick traders that will kill runs or will they let it run a bit? This has a had a few runs as of late to look at.
Every negative thing about this company is already factored into the pps. I find that the more negative comments there are, the more interest there is in buying as many investors aim to buy low and sell high. If its at .0002,.0003, they're going to try and buy lower until volume picks up. So, they tend to bash the stock in order to shake out some weak hands. That's the behavior I look for and it works for me. I would absolutely love for this to go to no-bid so the 1's would become available.
The negative comments on the boards do deter some from investing and make some sell. But they don't deter the ones that actually make it move upward. That is, until it starts to exhaust itself after a run. Then you'll see lemmings rush for the cliff. So, during a low volume time like this, the negative remarks on this board mean absolutely nothing except for allowing frustrated people to vent.
My exit strategy, as of now is .0005. That can change depending on the reasons of why and how it gets to that point. I'm in at .0003 after averaging down from .0005. I will most likely continue to add more at the 2's. .0005 is my exit because that's where the majority of people got out at during the last two runs. Most likely that will be where they exit again when it gets back to there. Of course, like I said, the reason for it getting there can change everything.
