Yeah, and I've seen them as good buy points also setting my buy rate between .0035 and .006 for me long and short. My method (to my madness) is to have a 4-1 ratio of long-short. For every 4 shares, 1 will be a flip (for this stock-some I do as much as 35%).
In the end, my position is reinforced and the shorts literally pay off the longs (which truy makes it a long) at pure profit.