It creates panic, he's probably waiting to load up or is loading up on the way down. I guess he uses the bashing tactic to get cheap shares. I like to just sit, wait, and watch.
Shark infested waters here, people will do anything to separate others from their money. Looks like it's working, people are selling for a loss at the moment because they think its going lower, I don't know myself. I watched this stock go down from .01 to .0026 before bouncing back, I just watched and waited.
I won't tell anyone how to trade, if they want to buy, good, if not its their decision.