Yes this is certainly possible especially at this time of year, but if the market goes crazy all you can do is try to take advanatage of the situation.
Having said this I been watching the price action and there seems to be a fair bit of demand coming in off screen. EGA has some serious money backing it and I doubt they are going to let us little guys pick up shares at 22c.
EGA Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held