If this runs true to form, there should be an effort to whack it down sometime today or maybe tomorrow. If they whack it down good and someone is underinvested, then sure, might be time to buy.....

I have been buying in SMALL amounts per trade since August 2011 so that I don't have a gigantic number at any certain price. My first buy was around .80, my lowest was at .47. And I have some above 2.00. Fortunately because of averaging in, I was not hurt too badly by the last buys which are underwater and am still up very nicely on the entire position. At a crazy point like this where it could go a fair amount in either direction, I think averaging in is still a good idea.

Again, as always, not investment advice, just recounting my own experience.