Have no doubt that CDS is a promising story but what amazes me...

Have no doubt that CDS is a promising story but what amazes me really is the way that the level of interest is turned on and off like a tap. Last Friday, you could not buy this stock under 30c toward the end of the trading period yet today,even despite the market malaise, there appears few who are willing to support it or inclined to take advantage of a pullback in SP to dollar cost average down. Correct me if I am wrong, but I would have thought that the CDS story had hardly changed in three days but most certainly the momentum and sentiment most definitely have in a broader market sense? Given that it is probably the T+3 traders who are the ones selling it down as i write,why then are there not some long termers willing to step in and soak up some cheap stock if the story is so compelling or is the answer to that question simply that most are filled to the gills?