Nick Radge was the first I know to coin the phrase.
But I've seen it time and again over 17 yrs.
People get it so so right only to eventually get it so so wrong.
Is the stock of discussion currently.
Some got it very right from 3.6 c to 16c from memory only to see it fall a whopping 66% when there was clear signals that this stock had run it's course.
Now as CL has pointed out you need a 130% price rise just to be square again.
Some have added more on the way down convinced that cheap today will be cheap tomorrow. So far it hasn't been and isn't showing any reason for it to be the case in the near future.
Frankly I think with every stock there is ample time for those interested enough to educate themselves in the basic skills of recognizing Supply and Demand through Volume and Range Analysis,to get on board any worthwhile positive move.
I managed 30% myself in a couple of days on the very same stock.
So far our longterm investors are 100% up in a few years.Personally I'll take the 30 % in 2 days anytime.
Has pointed out opportunity cost whick is a biggy.
There could and should be many 30 % s in a few days in THIS MARKET.
There are times to hold and times to fold and this Market isn't indicating longterm long trending anytime soon.