i remember the pop you're talking about - i bought in at .0075 when it headed straight down to .004. that scared the bejeezus out of me enough that when it came back up to .0079, I sold out happy.
Then the very next day was the huge pop to over 3 cents - i bought back in at .0275 and rode it all the way down to a penny.
now i'm back in at .0041, so we'll see how it goes...