CDOI - From $.26 to a close of $.002. Is this a knife worth catching?

CDOI only nine days ago was trading at $.26 a share.  Today it hit a low of $.0011 before bouncing back to close at $.002, down 60%.  There are many investors who enjoy playing stocks that fall 50% or more, hoping to profit when these stocks bounce.  That is the real dilemma... will these stocks actually bounce?

CDOI is in the midst of an amazing fall, you would have to think it will get a decent dead cat bounce at some point.  Just nine days ago someone was willing to pay $.26 for this stock, that same person may be willing to pay $.0026 for it now, which would represent a decent recovery from today's fall.

Remember knife catching is an art.  The rewards can be plentiful, but the losses can be painful.