Buy low sell high? Of course - the only thing you do not realize is this baby is headed MUCH MUCH lower!
Good for you if you go in @ 0.0005 pre-RS - you're winning at Mike McLaren's game! I've said it here all along that this stock is only good for a temporary bump only to come back down within a month.
I guess selling low is subjective. But keep in mind there's a huge difference between selling low at 0.10 vs selling low at 0.001 (which I think where it is headed in the next year or 2).