You are assuming that he stands to lose more by not investing at .08 cents if it goes up to 1 dollar without going back down to .05 cents, when in fact he loses nothing by not investing. He simply doesn't make any additional money. He will still have his money though to invest in other potential investments (of which there are thousands of promising ones).
i am assuming he is going to buy, and my assumption is he wont get the price he has targeted thus losing money because he has to buy in at a higher price.
Historically speaking, that is very rare for a penny stock. Most penny stocks, even promising ones, decline well below their actual value before they move up. Also, a stock NEVER skyrockets 1000% and holds there. It just doesn't happen...ever. Don't lie to yourself and think that's possible. Every stock needs stability points.
have you looked at a long term chart? this stock has been undervalued for a long time.