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Buying a stock below its 200 and 50 day moving average is generally not a great idea, and the stock is under heavy distribution.

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Why would people believe in that kind of technical analysis crap? There's a simple way to settle this. What happens if you compare the performance of all stocks below their 50 and 200 MAs to all stocks above their MAs? I'd guess they're almost exactly the same, or that the cheaper stocks do better.

In any case, I'm not particularly concerned with how it does in the next 6 months or year, except that if it tanks, I might buy more, and if it skyrockets I might sell. It's the same company, just a different price.