Most investors I speak to say that is a risk they're willing to take, on this stock and any other.
The way they see it, if they're going to plunk down $40-$60k on a penny, they'd rather see volume and upward momentum, and miss some of the run.
In their mind, missing a possible 75% spike up is better than taking the risk of a 50% spike down, all else being equal...(which I know it rarely is)
It all depends on one's trading strategy...but the majority of bigger (in penny terms) investors I have met are not gunslingers.
Give them something meaty to chew on, though, and the scenario changes.
It's a little like that joke about there being old pilots, bold pilots, but no old bold pilots....
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