RE:RE:RE:RE:RE:be greedy when others are fearful.that is the risk with most penny stocks, even with stocks like tsla, when it dropped, it was very scary, and with the recent drop, it has broken multiple support levels.
that is why for momentum traders, they buy when the up trend is likely established, for most of us, doing on the side, as investors, we have a longer time line. so depening on your strategy, it is definitely safer to wait till you think it hits bottom, which is also not always the bottom.
overall depending on your conviction of the stock, if you don't think the management is sound, and it has great potential, I have no idea why some people still hang here. if I were like that, i would leave this board and never even check here, because it is simply a waste of my time.