At each new low, review the message boards. People were jumping in claiming undervalued, oversold, turnaround, wait until next earnings, buyout candidate, etc. No evidence was given. Just people drinking their own Kool Aid.
And today is no different. Same falling knife, same kool aid.
I'll buy COCO at 10 cents on the pink sheets. I'll buy 1,000 shares at 10 cents for $100. You might be the one selling me your shares.