It's just amazing.
When the pps drops low or there are negative press releases, there is a gigantic disconnect on Fantasy Island between what they say and how they act (their true reaction).
In terms of their reactions, they clearly panic like a herd of scalded lemmings. Their actual behavior shows their true state of mind.
ON the other hand, because talk is cheap, they come up with all kinds of encouraging talk. Such as:
It's a buying opportunity.
This is the time to average down.
If things were really bad, FF would have said something--he hasn't so all is well (in fact, expect really GOOD NEWS shortly because of this).
It's just a temporary shake out which allows the true longs to grab shares at low prices from weak hands who don't know what they own.
For swing traders, .01 or so might be an interesting buying opportunity. With the caveat that I'm pessimistic about the company's survival. So I would advise swing traders to not have all their chips in each time. Meaning if you have $X to play around with on this type of bet, put half of it in edig when the pps looks to have cratered, If it jumps up sell and put half of what you receive aside. When the price craters again, use the other half to get in on edig again.
That way you never end up with $0 (assuming it does not go to zero after you establish your first swing trading position.
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